Half of Canada’s manufacturing takes place in the Innovation Corridor, but congestion obstructs just-in-time production and the distribution of finished goods.
To address this problem, the Board has put together a series of reports that explore what infrastructure investments can best address the Region’s movement of goods. This report is the first of that series.
This report focuses on the economic impact of goods movement – the jobs provided, industries supported and overall contribution to Canada’s economic growth and competitiveness. To do this, the report focuses on five industries: manufacturing, wholesale and retail, construction, transportation and warehousing and primary industries.
The direct economic impact of each of these industries within the Toronto-Waterloo corridor is then calculated by estimating GDP and total jobs.