Preparing Ontario for the Future
Strategic Investments Creating Foundation for Prosperity
Infographic Description
Preparing Ontario for the Future
Strategic Investments Creating Foundation for Prosperity
The Long-Term Report on the Economy highlights the challenges and opportunities of the next 20 years
Demographics
Trends
- Aging and more slowly growing population
- Population growth concentrating in the Greater Toronto Area, driven primarily by immigration
Challenges
- Ensuring labour force growth as baby boomers retire
- Differing population growth among regions
Actions
- Supporting opportunities for youth, women, Indigenous peoples, people with disabilities and seniors
- Transforming social services and health care
- Developing regional growth strategies
Economy
Trends
- Slowing long-term growth due to lower labour force growth
- Increasing global competition but emerging export opportunities
in fast-growing markets for Ontario exporters
Challenges
- Strengthening productivity and economic growth
- Expanding and diversifying exports
Actions
- Developing a highly skilled workforce for tomorrow’s jobs
- Supporting business innovation and long-term growth
- Investing in public infrastructure to create jobs and increase productivity
- Supporting transition to the low-carbon economy of the future
Employment
Trends
- Increasing global and technological pressures on employers
and workforce
- Different forms of employment and workplace diversity
Challenges
- Making employee benefits more widely available and increasing economic security
Actions
- Improving access to affordable child care
- Strengthening retirement and income security
- Investing in education, training and skills development, especially for youth and new Canadians
Fiscal Sustainability
Trends
- Increasing demand for public services, especially health care
- Increasing pressure on Ontario’s fiscal position
Challenges
- Continuing to provide high-quality public services
- Ensuring long-term fiscal sustainability
Actions
- Investing in public infrastructure to spur growth and strengthen communities
- Transforming and modernizing public services
- Addressing the underground economy
- Collaborating with federal, provincial and territorial partners to meet the challenges faced by all Canadians
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