Ontario Prosperity

Learning from Ontario’s Past: How Ontario Can Avoid Another Post-Recession Debt Binge is a new study that focuses on how the provincial government could balance the budget by 2022/23, and what mistakes made by past governments should be avoided to ensure fiscal stability. Based on recent projections, the provincial government would need to reduce annual spending by $9.1 billion from its 2021/22 level to balance the budget in 2022/23—a 4.8 per cent decrease.

Uneven Job creation in Ontario’s Urban Centres from 2008 to 2019 finds that despite the rate of job creation in the Toronto and Ottawa areas exceeding the national average, most other Ontario cities, towns and rural areas experienced little or no job growth since the 2008/09 recession.