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Report reveals affordable child care added $13.6 billion to Ontario’s economy in 2024 – Child Care Now
A new economic report released recently found that the expansion of affordable child care in Ontario has delivered billions of dollars in economic benefits for the province. The report, The Economic Impact of Affordable Child Care in Ontario, authored by economist Dr. Jim Stanford of the Centre for Future Work, estimates that Ontario’s gross domestic product (GDP) in 2024 was $13.6 billion higher than it would have been without the expansion of affordable child care beginning in 2019.