In the Institute for Competitiveness & Prosperity’s Summer Quarterly Report, they grade the province on its recent policy initiatives.
It is encouraging to see a new marine infrastructure strategy because of its returns to productivity, as well as the agreement in principle of the Canadian Free Trade Agreement for its potential enhancement to Ontario’s exports. The government has also implemented well-designed user fees to address congestion.
However, the government has left critical gaps in the electric vehicle charging network, and province-wide regulation for sharing economy companies is required to reduce regulatory burden. Lastly, while the CPP enhancement is better for Ontario’s competitiveness, setting up the ORPP beforehand cost the province $70 million.
Read more on the ICP Blog.