Ontario Economy

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.

Ontario's Job Growth On A Tear

CP | The Canadian Press | Posted 10.10.2012 | Canada Business

TORONTO - Ontario bucked a trend of job losses last month as the only province to make significant gains with 10,600 new jobs.Economic Development Min...

Economic Outlook DOWNGRADED

CBC | Posted 06.25.2012 | Canada

Former Liberal MP Borys Wrzesnewskyj is in court this week, challenging the 2011 election results in the Toronto riding of Etobicoke Cent...

Surprise, Surprise: This Region To Boom As Rest Of Canada Stagnates

CP | Posted 04.09.2012 | Canada Business

OTTAWA -- The TD Bank says persistently strong oil prices are giving the economies of resource-rich prairie provinces a turbo-boost. The bank says ...

Meet The Fixer: But Is Ontario Beyond Repair?

CP | Julian Beltrame, The Canadian Press | Posted 04.15.2012 | Canada Politics

When former Big Bank economist Don Drummond releases his long awaited review of Ontario government finances at a media lockup Wednesday, he will be lo...

Troubled Economic Waters Ahead For Ontario

CBC | Posted 01.23.2012 | Canada Politics

Ontario Finance Minister Dwight Duncan gave a sobering view of the province's finances on Wednesday, predicting slow economic growth and ...

Largest Province's Economy Shrinks

CP | Keith Leslie, The Canadian Press | Posted 12.26.2011 | Canada Politics

TORONTO - Keeping on schedule to eliminate Ontario's deficit is crucial and will require spending "adjustments," Finance Minister Dwight Duncan said W...

Ontario's Deficit Lower Than Expected, But Still Huge

CP | Keith Leslie, The Canadian Press | Posted 10.24.2011 | Canada Politics

MARKHAM, Ont. - Ontario's Liberal government said Tuesday it was lowering its budget deficit faster than projected, crediting its own restraint measur...