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ONTARIO πŸ§‘πŸ”ŽπŸ’΅ Ontario Securing New Investments and Unlocking Opportunities for Job Creation

Friday, 07 June 2024 12:00.PM

- Province added 50,000 jobs in May -

Vic Fedeli, Minister of Economic Development, Job Creation and Trade, issued the following statement on today’s monthly employment release by Statistics Canada, which showed Ontario added nearly 50,000 jobs in May.

β€œFor the fifth consecutive month, employment in Ontario has increased, reinforcing our government’s plan to rebuild the economy with better jobs and bigger paycheques by investing in people and communities while keeping costs down. Since our government came into office in 2018, the province has added over 750,000 new jobs, including more than 130,000 jobs, this year alone.

Last month, we were thrilled to join Sanofi Canada at the official opening of its new, $800 million vaccine manufacturing facility. This new world-class facility in Toronto is going to help meet the growing global demand for life-saving vaccines and employ approximately 200 people.

We were also pleased to lead a delegation of 29 companies at BIO, the world’s largest biotechnology convention in California, where we announced a $40 million investment to help Ontario life sciences companies and biomanufacturers innovate, grow and compete in global markets.

Whether its in our manufacturing, technology or life sciences sectors, our government will continue to create the conditions for job growth and work to ensure our companies can thrive, even as we navigate these uncertain times.”

SOURCE: Ontario Ministry of Economic Development, Job Creation and Trade

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