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High investment in machinery & equipment
A good sign of a healthy economy
Ontario-based manufacturers are spending billions of dollars retooling - a clear indication of strong confidence in the economy.
Actual
Forecast
Source: Ontario Ministry of Finance: Ontario Economic Accounts, Q2 2007, October 2007; Budget 2007, March 2007 (10/2007)
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Exchange Rates
Machinery and Equipment Investment, 2003-2009
Year
$US Billions
Actual
2003
23.2
2004
25.6
2005
29.6
2006
33.8
Projected
2007*
38.3
2008*
40.6
2009*
42.6
NOTES:
* Numbers are rounded
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