Economy

Updates

The economy is an issue for everyone and as the Voice of Ontario’s Engineers OSPE has a responsibility to address the recent global financial challenge through the perspective of the entire field of engineering. OSPE believes that many, if not all, facets of the engineering profession will be affected by this economic contraction and we intend to research its impact as it relates to the labour market, credit availability, company/plant/project closures and downsizing.

OSPE researchers will cull data to create impact statements. We will look at both provincial and federal government actions; Ontario-specific data from the Engineers Canada Labour Market Study; focus groups and information sessions. Combined, these will help inform our position.

Updates

May 27, 2009 - OSPE budget response letter acknowledges the efforts put forth by the Honorable Dwight Duncan, Minister of Finance & Revenue, to facilitate this province’s economic recovery.

May 5, 2009 – John O’Grady of Prism Economics & Analysis provides an overview of engineering labour market trends in Ontario at OSPE’s General Assembly.

May 5, 2009 - Members share front-line accounts of the impact of the economic recession on the engineering profession in an open forum facilitated by OSPE President & Chair Michael Monette.

April 14, 2009 – CEO Angela Shama, in her testimony before the Standing Committee on General Government, discusses the economic impact of the Green Energy Act and calls for a research and innovation strategy for Ontario’s businesses to reap the full development of renewable energy.

December 2008 - An open letter has been posted on OSPE’s website identifying the economic climate as an issue for Ontario’s engineers. This issue will be monitored for appropriate action with government and industry stakeholders.