Ontario Economy

Ontario's Economy Is Kicking Canada's Ass Right Now

CP | Keith Leslie, The Canadian Press | Posted 07.18.2016 | Canada Business

The province could eliminate a deficit next year.

These Provinces Will Lead Economic Growth Through 2017

CP | The Canadian Press | Posted 06.13.2016 | Canada Business

It won't be the oil producers, that's for sure.

Moody's Just Gave Ontario's Premier A Reason To Smile

CP | The Canadian Press | Posted 04.27.2017 | Canada Business

The province is back to where it was 2014. And that's good.

Amish Give Up Pricey Ontario, Head To P.E.I. Instead

CP | Kevin Bissett, The Canadian Press | Posted 02.04.2017 | Canada Business

"Everybody from the premier of the province, down to the old fellas at Tim Hortons, have all welcomed the Amish when they visited."

A Major Sign Economic Power Is Shifting Back To Ontario

CP | The Canadian Press | Posted 11.12.2015 | Canada Business

LONDON, Ont. -- A new forecast by Export Development Canada predicts Ontario will see broad-based gains in exports this year and next thanks to a favo...

'A $5-Billion Tax Cut For Quebec And Ontario Consumers'

CP | Ross Marowits, The Canadian Press | Posted 04.27.2015 | Canada Business

MONTREAL - National Bank of Canada expects economic conditions will improve this year in Central Canada as consumers get some breathing room from lowe...

As The West Sputters, Is Ontario Ready To Take The Lead?

CP | Andy Blatchford, The Canadian Press | Posted 03.21.2015 | Canada Business

OTTAWA - Inside his humming facility on the outskirts of Ottawa, Mark Perry's operation pumps out specialized plastic products — everything from pat...

These Provinces Will Outgrow Alberta In 2015

CP | The Canadian Press | Posted 03.08.2015 | Canada Business

TORONTO - Falling oil prices will shift the balance of power among Canada's provinces this year, with Alberta expected to see its growth rate slashed ...

The Ontario Government Should Take Ownership For Its Serious Economic Problems

Charles Lammam | Posted 01.19.2015 | Canada Politics
Charles Lammam

By 2017/18, the government expects that over 10 cents of every revenue dollar collected by Queen's Park will go to servicing past debt rather than public services that Ontarians care about such as health care and education or tax relief that improves the province's tax competitiveness.

Wynne Wraps Up China Trip With Investment Deals

CP | The Canadian Press | Posted 01.01.2015 | Canada Politics

Ontario Premier Kathleen Wynne has wrapped up a weeklong trade trip to China, and her office is trumpeting what it says are deals for nearly $1 billio...

What's Wrong With Ontario?

The Huffington Post Canada | Daniel Tencer | Posted 07.13.2014 | Canada Business

The foundations of Ontario’s job market are turning into quicksand that threatens to swallow the province’s economic future — and despite all th...

This Is How Much Wealthier Commodity-Rich Provinces Are

The Huffington Post Canada | Daniel Tencer | Posted 07.08.2014 | Canada Business

Canada’s regional economic divide isn’t going anywhere, but it will narrow a little in the coming year thanks to slightly faster economic growth i...

Ouch, NDP: Ontario Job Growth By Governing Party

The Huffington Post Canada | Daniel Tencer | Posted 06.04.2014 | Canada Business

Lakehead University economics prof Livio Di Matteo has put out a very interesting graph breaking down job growth in Ontario by governing party, and, u...

Hudak's Plan Assumes Ontario Will Grow Faster Than China

The Huffington Post Canada | Daniel Tencer | Posted 06.03.2014 | Canada Business

If Ontario PC Leader Tim Hudak’s proposal to create a million new jobs weren’t already thoroughly discredited, this might just do the trick. Th...

Ontario's Debt and Deficits Will Only Get Worse

Sean Speer | Posted 07.28.2014 | Canada Politics
Sean Speer

The results do not bode well for Ontario. Provincial debt amounts to 237.7 per cent of revenue -- the highest ratio amongst the provinces. In other words, the total debt accumulated by the Ontario government represents almost two and a half years of revenues. Ontario's ratio is much higher than Quebec, the second most indebted province (189.5 per cent) on this metric.

CIBC Misses the Point About Ontario's Economy

Niels Veldhuis | Posted 06.17.2014 | Canada Business
Niels Veldhuis

The analysis of one of Canada's leading banks incorrectly concludes Ontario can't be compared to California, should be compared to other provinces, isn't necessarily at fault for being the second most indebted province, and argues the federal government should consider bailing Ontario out. No wonder Ontario is in the state it's in.

Let's Stop Pretending Ontario's Fiscal Policies Are On Track

Sean Speer | Posted 06.16.2014 | Canada Politics
Sean Speer

These challenges facing Ontario are well documented. Yet the government's policy direction is not moving in the right direction. Recent developments suggest that the government intends to continue growing spending on the types of policies that have contributed to the problem such as high deficits and a new round of corporate subsidies.

Ontario Is Dragging Down The Rest of Canada, Study Says

The Huffington Post Canada | Daniel Tencer | Posted 04.15.2014 | Canada Business

Hey Ontario, stop being such a bummer. You’re dragging down the rest of us. That’s the gist of the message coming from the right-leaning Fraser...

Ontario Will Be In Low Gear For 2 Decades, Report Says

CP | Keith Leslie, The Canadian Press | Posted 06.02.2014 | Canada Business

TORONTO - Finance Minister Charles Sousa will release a long term economic report Wednesday that shows Ontario's economy is expected to grow "somewhat...

Ontario Needs a Real Economic Plan for 2014

John Laforet | Posted 02.26.2014 | Canada Business
John Laforet

Ontario's economy is ailing and it will take more than massive subsidies to already profitable businesses to rebuild. Small business owners in Ontario don't need to wait for Stats Canada's economic indicator reports to know what is happening in the economy, we feel it every day.

This Province's Woes Are Just Starting

CP | Maria Babbage, The Canadian Press | Posted 11.11.2013 | Canada Business

TORONTO - Two years after graduating from college with an accounting degree, Amanda Coombes expected to be working full-time in her field. Instead, sh...

Horse Racing Towards a Better Economy

Kathleen Wynne | Posted 08.18.2013 | Canada Politics
Kathleen Wynne

The new Ontario government believes in a strong, sustainable future for the horse racing industry in this province. We have a plan, guided by the report of the Horse Racing Industry Transition Panel, for a way forward that will put the industry on a sustainable path. I know how important the horse racing and breeding industries are to the culture and economy of communities across Ontario, and that is why our government will continue to work with the industry to ensure that it has a strong, sustainable future.

Who's Got The Worst Economy In Canada?

The Huffington Post Canada | Posted 11.20.2012 | Canada Business

The regional disparities in Canada’s economy continue to widen, with resource-rich provinces outgrowing the rest of the country by leaps and bounds,...

How Cutting Taxes Actually Helps the Economy

Tim Hudak | Posted 12.25.2012 | Canada Politics
Tim Hudak

Two aspirations for Ontario -- to be the engine of Canadian jobs again and to have world-leading public services -- are interdependent, not separate, goals. We can't have one without the other. And Ontarians deserve both. Instead of grants and handouts to the politically connected, I believe tax cuts create jobs. Tax relief creates jobs, grows the economy, and stimulates new business investments.

Is Ontario The Next Rustbelt?

David Frum | Posted 10.11.2012 | Canada
David Frum

Canadians should not arrogantly assume that what has happened to Detroit, Cleveland, and Pittsburgh cannot happen to Brantford, Trenton and Windsor. It can happen, and it is happening. Like the U.S. Rustbelt, Ontario has been losing industrial jobs, and only new business investment can create the post-industrial jobs of the future.