High hydro rates killed Ontario jobs: Study

TORONTO – Soaring electricity prices resulted in 75,000 fewer manufacturing jobs for Ontarians since the recession, a new report says.

Rising Electricity Costs and Declining Employment in Ontario’s Manufacturing Sector — a report prepared by Ross McKitrick and Elmira Aliakbari of the Fraser Institute — says the provincial government’s hydro policies are to blame for the disproportionately high prices and lost jobs.