This article was last updated on April 16, 2022
Canada: 
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Vice President of Canadian Manufacturers & Exporters, Ian Howcroft, acknowledged that the provincial budget unveiled by the finance Minister of Ontario, Charles Sousa, addresses several challenges faced by the province’s manufacturing sector and includes several positives.
However, Howcroft highlighted in his remarks that “while we support efforts to increase retirement income security, we’re very concerned about the costs associated with the proposed Ontario Retirement Pension Plan (ORPP).” He elucidated that “these costs will hit small and medium sized manufacturers hardest, the job creators. It will also impact low income Ontarians that may not have the disposable income to afford mandatory contributions. We will need to work closely with the government to try to stem the damage the ORPP could cause.” It was stressed that local manufacturers are facing extremely tough economic times and rising energy costs that is already downsizing their ability to compete globally.
Howcroft stated that “we continue to give them credit for recognizing a number of our concerns, but, the government falls down on how far they’re going.” He pointed out that “energy still continues to be a real cost and a challenge for manufacturers in these tight economic conditions.” He reiterated several measures in the budget that he thinks would be a positive change for manufacturers, but alleged that scant details on how the jobs fund will be spent, the limit of one regulatory reduction per ministry per year are of serious concern.
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