We share our outlook for Ontario’s economy over the next five years. Economic growth is anticipated to accelerate in 2025, in part thanks to monetary easing and lower inflation. Private investment and government incentives have helped to support growth in manufacturing and construction in the coming years, as well as potentially creating thousands of jobs. How will a slowdown in population growth affect the labour market? Will reduced price pressures and easing monetary policy help mitigate the impact from upcoming mortgage renewals with expected higher interest payments for households? What do the province’s fiscal indicators look like?
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