The investment enables the hospital to upgrade its HVAC system, replace an aging generator, and continue with facility improvements designed to mitigate COVID-19 transmission.

Issues like labour shortages, inflation, health care system vulnerabilities, and forecasts of an economic contraction are dampening confidence in the province’s economic outlook.

In its latest outlook, the Financial Accountability Office of Ontario said the province's economic growth is expected to slow sharply this year with a modest recovery beginning next year.

Data released by Statistics Canada last month show gross revenues increased by 15.7% to $6.3 billion in 2021 – the strongest growth in nearly a decade. Profit margins rose by 1.1 percentage points.

RESCON is suggesting a number of ways the government could take more action, including harmonizing construction requirements.