Ontario  


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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)


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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