Ontario’s Economic Outlook: Drop in Public Spending Signals Lower Growth

The Conference Board of Canada, November 19, 2019 at 02:00 PM EST
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Ontario’s economy will post a sluggish performance in 2019 due to trade difficulties and cuts in auto production. The outlook for 2020 is somewhat more positive despite provincial government belt-tightening. Solid job growth coupled with low financing rates will help revive residential investment and support consumer spending. Similarly, business investment is expected to do better in 2020, due to new investments in manufacturing and solid demand for office and industrial space, especially in Toronto.

Webinar Highlights

Join this webinar to gain an understanding of the economic and political forces affecting Ontario’s economy. Some issues to be covered include:

  • How might global uncertainty due to Brexit or trade tensions between Washington and Beijing affect Ontario’s exports?
  • What will be the impact of provincial government restraint on economic growth and the province’s bottom line?
  • What is happening with labour markets—can the provincial economy support additional job growth?
  • Following a few difficult years, will Ontario’s auto sector make a comeback?

In addition, the webinar will also briefly discuss our forecasts for the United States and Canada as well as cover other major topics of relevance such as international trade.

About Pedro

PhotoAs the Conference Board’s Chief Economist, Pedro Antunes is responsible for managing a team of economists in producing the Conference Board's medium and long-term economic forecasts along with other economic indicators and reports. Pedro is a spokesperson for the Conference Board and does presentations on the forecast to clients and the public and is often cited in the media. Pedro joined the Conference Board as an economist in 1991 after working with the Canadian Forecasting Group at the Bank of Canada. He has moved progressively into more senior positions since joining the Board. Pedro has worked on a wide range of economic modelling and forecasting project in Canada and overseas.

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Price: $199.00 (CAD)
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