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The Ottawa Board of Trade champions economic development measures that cultivate a thriving world class business community in Canada's Capital Region. To that end, we are pleased to see that Budget 2024 includes:
- Addressing the housing affordability crisis
- Building AI infrastructure and advancing adoption through a $2.4 billion investment
- Advancing economic reconciliation through a national Indigenous Loan Guarantee Program and funding for Indigenous Financial Institutions
- Supporting interprovincial trade through the creation of the Canadian Internal Trade Data and Information Hub
The Ottawa Board of Trade continues to call on the federal government to consider the unique needs of our city as the Nation’s Capital and gateway to our G7 country. This includes support for the transformation of our downtown core and funding to close the transit gap alongside the provincial government to enhance
mobility to the core.
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Reactions from our partners in the Chamber Network
Daniel Tisch, President and CEO of the Ontario Chamber of Commerce:
“We welcome historic commitments in housing and artificial intelligence, as well as the government’s support for advancing economic reconciliation and interprovincial trade. At the same time, Canada should take measures that make it easier—not harder—to attract private sector investments and drive productivity growth. By making big-ticket investments while raising capital gains taxes, the budget takes two big steps forward, but also one step back.”
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Perrin Beatty, President and CEO, Canadian Chamber of Commerce:
"Today’s budget contains few surprises. Most of the major new spending was announced by the government over the last few weeks, and the government’s projections for the deficit are largely in line with previous predictions. Instead of using a revenue windfall to reduce the deficit more quickly, the government chose to use it along with changes to the capital gains tax, to fund this new spending.
What’s still missing is a clear plan to promote productivity and restore economic growth in Canada. Canada continues to slip further behind our competitors in both of these categories.
Our lagging productivity and stalled GDP growth means Canadians are becoming collectively poorer and working harder to just remain where they are today. Among the positive announcements in today’s Budget, we’re happy to see a focus on streamlining internal trade. Strengthening our internal trade could elevate GDP growth by up to 8% and fortify Canada’s economic foundation. It shouldn’t be easier to trade with Europe than it is within our own country."
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Wednesday morning, we convened business and community leaders at our annual Post-Budget Breakfast, hosted in partnership with the Ottawa Business Journal.
Thank you to Minister Jenna Sudds, Gavin Miranda, Heather Scoffield, Stephen Tapp, PhD, Paul Kershaw, and Christian von Donat for taking part in this long-standing tradition and sharing more about the impact Budget 2024 will have on businesses, our communities, and economy. And thank you to Catherine Callary, Jason Burggraaf, and Kaite Burkholder Harris for providing guests with a local outlook.
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Thank you to Perrin Beatty and the Canadian Chamber of Commerce for organizing their annual Hill Day. Key topics at the event included artificial intelligence, productivity, housing affordability and clean energy, underscoring the importance of strategic investments and innovative thinking as the path forward.
We look forward to working with the Canadian Chamber of Commerce and all levels of government to foster an inclusive and sustainable economic growth agenda.
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The Ottawa Board of Trade met with Daniel Tisch, new President and CEO of the Ontario Chamber of Commerce. It was an important opportunity for us to get to know Daniel, and share Ottawa's top priorities in collaborative effort to map a path forward, one that fosters inclusive and sustainable growth across our city and the province.
Thank you to Ross Meredith and The Westin Ottawa for hosting.
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Last chance to register
Limited spots available!
Join us for an inclusive conversation about the future of Canada's Capital Region at our annual City Building Summit. You will hear more about our downtown revitalization, energy, housing, and high impact projects. Together, we can Build Up Ottawa and create a diverse and vibrant community with a thriving economy and quality of life for all.
Hear insights from:
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Mary Rowe, President & CEO, Canadian Urban Institute
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Dr. Mike Moffatt, Senior Director of Policy and Innovation, Smart Prosperity Institute
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Michael Cleland, Executive in Residence with the University of Ottawa’s Positive Energy Program
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Alain Miguelez, Vice-President and Chief Planner, National Capital Commission
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Michael Morgan, Director, Rail Construction Program, City of Ottawa
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Mark Laroche, President and CEO, Ottawa International Airport Authority
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Cameron Love, President and CEO, The Ottawa Hospital
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Cyril Leeder, President and CEO, Ottawa Senators
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And so many more! To view the full agenda, click here.
You're invited to connect with city builders, learn about what is on the horizon, and share your ideas about the future of our city.
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Don't miss out!
Limited tickets still available
Making new connections and strengthening relationships is an important part of building your business and developing young leaders. That is why we are re-launching the ever popular monthly Business After 5 networking series!
New venues across the city. Delicious food and drink. Network with business and community leaders. Join Ottawa's key business group to learn more about top challenges and opportunities facing our local businesses and our city.
Premium pricing and sponsorship availability for OBOT members. For more information, please contact Sharon Diamond.
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Dive into the heart of our thriving business community with episode ten of Ottawa Business Matters!
From tulips blooming at the Canadian Tulip Festival this May to innovative local businesses making waves, tune in as we explore the Ottawa story. Hosted by Sam Laprade, this week's episode features conversations with Jo Riding, Executive Director of the Canadian Tulip Festival; Elizabeth Kilvert, Owner of The Unrefined Olive; Brian Vlaming, CEO of LTR Industries Ltd.; and Sueling Ching, President and CEO, Ottawa Board of Trade.
Catch the next episode airing Sunday night on Rogers TV at 8:00 PM. Or listen on your Monday morning commute, wherever you get your podcasts!
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The Ottawa Board of Trade is a proud partner of the Trade Accelerator Program (TAP), facilitated by the Toronto Region Board of Trade and the World Trade Centre Toronto. With its comprehensive and unique approach, TAP connects companies with top industry experts, offers coaching to support the creation of a tailored export strategy and empowers participants with the necessary tools and resources to scale successfully.
This cohort is designed for Ontario businesses in the technology sector, helping them develop a thoroughly vetted export plan in order to enhance their international business strategy and expand into new global markets. Led by industry experts and thought leaders, this session will cover:
- Market Insights: Opportunities, Challenges & Risks
- International Marketing & Sales
- International Financial Management
- Funding Programs & Grants for Exporting
- Global Legal Considerations & Tax Policies
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