Today, the
#ONChamberNetwork had the pleasure of hearing from the OCC’s Policy Team as they unpacked the results from our recently launched, 2025 Ontario Economic Report!
🔍 Among the key findings:
✔️ Business confidence in Ontario’s economy has doubled in the past year, rising from 13% to 26%, but a majority of respondents (48%) lack confidence in the economy.
✔️ High costs remain the top concern for businesses, with 78% citing the cost of living, followed by inflation (62%), housing affordability (57%), and rising operational costs (51%).
✔️ When U.S. tariff threats are on the table, business confidence drops dramatically to just 15%, almost erasing the last year’s gains. With tariffs in play, six in ten (60%) business decision-makers would lack confidence in Ontario’s economic outlook.
✔️ Simplifying or reducing business taxes (42%) is the most frequently cited policy solution to improve economic conditions, followed by affordable housing (32%), health system capacity (30%) and workforce development to solve labour shortages (29%).
The OCC sends tremendous thanks to our Chamber Network for their invaluable support in amplifying our annual Business Confidence Survey, allowing their members' voices from across the province to be heard!
Thank you also to our report partners, including our Lead Partner,
@HydroOne, Presenting Partner,
@Bruce_Power, and Research Partners,
@BMO and Leger.
Check out the full
#OER2025 report:
occ.ca/oer2025/
Watch a recording of the
#OERLaunch here:
youtube.com/watch?v=8Tx1OxU2…