November 22, 2024 21:59 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma | Baba Siddique murder case: Arrested Akashdeep Gill used a labourer's hotspot to evade tracking, say police | Donald Trump picks 'smart and tough' Pam Bondi as new US Attorney General after Matt Gaetz withdraws | Canadian government denies media report that claims PM Modi knew of Khalistani leader Nijjar's killing
Ontario's first post-budget mission to New York city concludes successfully
Image: Doug Ford/Facebook

Ontario's first post-budget mission to New York city concludes successfully

| @indiablooms | 01 May 2019, 05:27 pm

New York City, May 1 (IBNS): Ontario Premier Doug Ford and Ontario Minister of Finance Vic Fedeli successfully wrapped their two-day first post-Budget mission to New York City, media reports said. 

During these two days Ford and Fedeli met with business leaders and investors, to reaffirm the government's commitment to making Ontario open for business and open for jobs.

The U.S. is Ontario’s largest trading partner, with two-way trade valued at CAD$390.1 billion in 2018.

"Our government's first budget is focused on what matters to the people of Ontario. We're protecting what matters most and stimulating job growth, while bringing the province back to balance, responsibly," said Ford. "Working with our American partners is another way we're delivering on our plan to bring good jobs and new investments back home to Ontario."

Almost 9 million American jobs depend on Canada-U.S. trade and investment and close to 400,000 people cross the Canada-U.S. border daily.

Ontario's competitive advantages as a destination of choice for private sector investment was showcased by Ford and Fedeli. 

Meetings with decision-makers from: Cognizant, Clarifai, Information Builders, Candid, Wayfair, Droice Labs, Weight Watchers, NBC Universal, the Bank of Japan, Munich Re and MKP Capital Management were some of the highlights of the tour.

"This month, our government delivered a budget that sends a clear message to the world — we are serious about fiscal sustainability and we are committed to creating a pro-jobs and a pro-growth environment in Ontario," said Fedeli. "These are the promises we made to Ontarians and our government's plan will deliver on those promises."

The Ontario Job Creation Investment Incentive will deliver CAD$3.8 billion in corporate tax relief over six years for businesses who make capital investments to help them grow and create jobs and will lower Ontario’s average marginal effective tax rate to 12.6 percent in 2019 — about two thirds of the U.S. average.

 

 

(Reporting by Asha Bajaj)

 

Image: Doug Ford/Facebook

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos