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Dependence on housing leaves Ontario economy vulnerable
Appeared in the Toronto Sun, July 5, 2017 Ontario traditionally has been Canada’s engine of growth. However, over the past decade it has slipped to “have not” status that receives equalization payments. While housing recently has provided a temporary ...
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Ontario's One Cylinder Economy: Housing in Toronto and Weak Business Investment
Economic growth in Ontario has lagged Canada since 2003, reducing the province to ‘have-not’ status within Confederation. One theme that runs throughout the paper’s analysis is the persistent weakness of Ontario’s manufacturing sector, where output has ...
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Lack of private-sector business investment helps drive Ontario's poor economic performance
The previous two posts based on Philip Cross’ recent study Ontario: No Longer a Place to Prosper focused on economic growth and GDP, and the province’s poor performance in growing incomes and creating private-sector jobs. This final blog ...
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Ontario—No Longer a Place to Prosper
Ontario, once Canada’s economic powerhouse, has experienced an historic reversal of its fortunes within Confederation over the past decade. For decades after the Second World War, Ontario’s household income never failed to surpass the national average by ...