Investment Shines Through the Clouds: Ontario’s Two-Year Outlook—June 2022

The Conference Board of Canada, 14 pages, June 14, 2022
Issue Briefing
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Document Highlights

  • Ontario’s economy will expand by 4.0 per cent this year and 3.2 per cent in 2023.
  • Strong gains in non-residential business investment will offset a cooling housing sector.
  • Growth in real consumer spending will remain healthy, though lingering inflationary pressures present a major downside risk.
  • Budget 2022 promised large investments in transportation infrastructure, which will provide a boost to Ontario’s economy.
  • Exports won’t pick up momentum until later this year as global supply bottlenecks continue to sort themselves out.

Table of Contents

Key Findings
Ontario Snapshot
Investment Outlook
Consumer Outlook
Fiscal Outlook
Trade Outlook

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