Provincial Outlook Economic Forecast: Ontario—Autumn 2018
The Conference Board of Canada, 63 pages,
December 20, 2018
Report
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This quarterly economic forecast for the province of Ontario examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Document Highlights
- The Ontario economy will expand in the 2.0 per cent range over the near term.
- Weaker growth in household spending is a major factor behind the more subdued outlook.
- Pending approval in the U.S. Congress, the CUSMA trade agreement should benefit Ontario’s auto sector.
- Premier Ford’s promised tax cuts will make it difficult for the province to balance the books unless more spending cuts are implemented.
- The elimination of the cap-and-trade program should lower gasoline and natural gas prices but will also reduce government revenue.
Table of Contents
RÉSUMÉ
EXECUTIVE SUMMARY
Ontario
- Ontario’s Economy Still Showing Signs of Strength
- Weaker but Still Solid Growth in Household Spending
- Investment Spending a Plus for Growth
- Toronto’s Housing Market Beginning to Stabilize
- Cuts in Government Spending on the Way
Appendix A–Forecast Tables
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