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Understanding two decades of weak economic performance in Ontario
It’s important for policymakers to recognize the severity of Ontario’s growth problem, how long-lived it has been, and the challenge of weak business investment that could impede future growth. ...
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Ontario’s economy—slow growth and weak business investment
Real per-person economic growth was 9.1 per cent in Ontario compared to 26.1 per cent in the rest of Canada. ...
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Ontario has fallen behind Michigan’s economy
At least 90 per cent of net job creation in Ontario took place either in the Greater Toronto Area or Ottawa. ...
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Ontario government has made COVID economic pain even worse
The Greenbelt Act helped drive up residential housing prices in the Greater Toronto Area. ...
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Ontario among region’s poorest jurisdictions
Michigan’s per capita GDP was $3,911 higher than Ontario's. ...
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Reliance on housing investment creates prosperity mirage in Ontario
The provincial net debt-to-GDP ratio went from about 5 per cent in the 1960s to more than 40 per cent in 2020. ...
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What a difference a decade can make—southwestern Ontario’s sobering lesson for Alberta
At the start of this century, southwestern Ontario was among the most prosperous regions in Canada. With a strong manufacturing sector, there were plenty of good high-paying jobs. In the following years, the regional economy was battered ...
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Southwestern Ontario lagging behind in job creation, income growth
Over the past 20 years, while Ontario’s two biggest cities (Toronto and Ottawa) have enjoyed relative prosperity, large and populous parts of the province have suffered significant economic pain. In fact, a recent study showed that ...
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Another recession means more hardship in areas of Ontario that struggled in recent years
It’s no secret that Ontario has gone through more than its share of economic pain in recent years. Thanks to weak economic and fiscal performance, we characterized the period from 2007-2016 as a “lost decade” for the provincial economy. ...
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Ontario employment gains—an uneven picture
According to the most recent Statistics Canada Labour Force Survey, Ontario saw an increase of 58,000 jobs in August. But the evidence suggests that all’s not coming up roses after one looks at the longer-term picture across Ontario’s ...