The Ontario government is increasing funding for the Ontario Junior Exploration Program (OJEP) to help more companies find critical minerals such as nickel and cobalt, which are necessary to support the growing supply chain for electric vehicles and create jobs for northern and Indigenous communities.
Today, the government released the 2022-23 Third Quarter Finances, to provide an update on Ontario’s economic and fiscal outlook since the release of the 2022 Ontario Economic Outlook and Fiscal Review.
Ontario has secured a $471 million investment by Magna International, one of the world’s largest automotive suppliers, to expand the company’s Ontario operations. With support from the government, this transformative investment will strengthen Ontario’s end-to-end electric vehicle supply chain while adding more than 1,000 new good-paying jobs for workers across the province.
“Today, the Ontario Government launched the Building Ontario Businesses Initiative (BOBI) which builds upon the Building Ontario Businesses Initiative Act that was passed as part of the Red Tape package this winter.