This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.
Ontario Mining Association member Noront Resources was singled out as a bright spot on the future economic development horizon by the Institute for Competitiveness & Prosperity. The organization’s recently released twelfth annual report “Course Correction: Charting a new road map for Ontario” offers several suggestions to accelerate stagnant growth.
The report notes that “Ontario’s GDP ranked a dismal 14th out 16 North American peers (similar jurisdictions in Canada and the United States). This ranking is unchanged from when the Task Force first began measuring Ontario’s economic progress more than a decade ago.”
“The Task Force urges the province to follow our road map to close the prosperity gap,” said Roger Martin, Chairman of the Task Force on Competitiveness, Productivity and Economic Progress. “Without improvements to productivity and investments in future prosperity, the province will continue to fall behind its peers.”