The Interim Progressive Conservative Leader says the fact that Ontario is now considered a have not Province does not bode well for future investment in the Province.
Speaking with Bayshore Broadcasting News, Bob Runciman says this have not status sends out the wrong message to anyone wanting to open a new business or invest in an existing business in Ontario.
He says already there are several measures in place that will see the cost of of energy increase over the next few years that would make any potential investor think twice about putting their money in this Province.
Runciman also the level of taxation in Ontario also is a deterrent to investment and adding have not status on top of that does not paint a very pretty picture of the provinces economic future.
He says the have not designation makes him feel very sad to see a Province that once was an economic leader and provided assistance to other now drop to the back of the pack.
For the first time since Confederation, Ontario now is receiving equalization payments from the Federal Government.
Ontario will received a total of 347 million dollars to help it provide social services comparable to other richer provinces.