New Ontario Cabinet To Be Sworn In October 20

Ontario's new Cabinet will be sworn in on Thursday, October 20, Premier Dalton McGuinty said today.

PHOTO CREDIT - Boldts.net

Queen's Park - Oct. 13, 2011 - Ontario's new Cabinet will be sworn in on Thursday, October 20, Premier Dalton McGuinty said today.

The Cabinet and the new Ontario government will focus on jobs and the economy.

The Premier has also asked Finance Minister Dwight Duncan to prepare an economic update, which will report on global economic uncertainty and its impact on Ontario's economy.

The economic update will include an examination of the possible impact caused by uncertainty in the European Union, and how Ontario can stay on track as a leading destination in North America for foreign direct investment and job creation.

Premier McGuinty spoke in Markham at the headquarters of Huawei Canada, a leading global information and communications technology (ICT) solutions provider. Ontario recently provided a $6.5 million grant to invest in the new Huawei R&D Centre in Ottawa. Huawei is investing $67 million in research and development in Canada over the next five years.

"When the 2008 recession hit, we acted quickly and worked together with the federal and U.S. governments to protect workers and families in the auto sector. And today we're keeping our eye on the ball and will keep focusing on creating jobs and building Ontario's economy," said McGuinty.

Ontario is first in North America when it comes to converting foreign investment into jobs with 11,210 new jobs from foreign direct investment projects.

In 2010, and for the second year in a row, the Financial Times of London ranked Ontario second only to California in North America as a recipient of foreign direct investment.

In June, Ontario created more jobs than the rest of Canada and the United States combined.