TORONTO—Ontario’s rising electricity prices—now the highest in Canada—have cost the province an estimated 74,881 manufacturing jobs since the 2008 recession, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian policy think-tank.
“Electricity is a major cost for the manufacturing sector, so it’s not surprising that Ontario’s skyrocketing electricity prices have led to tens of thousands of job losses in the province,” said Ross McKitrick, economics professor at the University of Guelph, Fraser Institute senior fellow and co-author of Rising Electricity Costs and Declining Employment in Ontario’s Manufacturing Sector.
