Politicians are blind to see realities of "Invest for the future" and the multi decades of returns.
Win/win for all political stripes, just a little short term pain for long term gain. Cheers, Mark (going on 6 years now dissappointed with gov't)
TORONTO, ON, FEB 20, 2014: A new report from the Ontario Chamber of Commerce reveals that Ontario’s Ring of Fire, the mineral resource-rich region in the James Bay Lowlands, will generate up to $9.4 billion in new economic activity over the first 10 years of operation and sustain 5,500 jobs annually.
Additional highlights from study include:
Within the first 10 years of its development, the Ring of Fire will:
generate up to $9.4 billion in Gross Domestic Product (GDP) in Ontario
generate up to $6.2 billion for Ontario’s mining industry
sustain up to 5,500 jobs annually (full time equivalents) in Ontario
generate nearly $2 billion in government revenue, divided between the federal, provincial, and municipal governments
Within the first 32 years of its development, the Ring of Fire will generate more than $25 billion in economic activity across numerous sectors in Ontario, of which mining is just one:
$2.7 billion in revenues for the financial services sector
$1.2 billion for the wholesale and retail trade sectors
$600 million for the manufacturing sector
$500 million for the utilities sector
