‘Billions of Dollars in Lost Productivity’: Traffic Congestion Costs Ontario $56B Annually, Report Says

‘Billions of Dollars in Lost Productivity’: Traffic Congestion Costs Ontario $56B Annually, Report Says
Traffic crawls during morning rush hour in Toronto on June 29, 2015. Frank Gunn/The Canadian Press
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Travel delays caused by gridlock are costing Ontario approximately $56.4 billion each year, according to a new report.

The losses are the result of limited movement of goods and services, decreased worker productivity, forgone job opportunities due to unpredictable commute times, and a lower quality of life, said the Canadian Centre for Economic Analysis.