Economy Entering a Cloudy Period: Ontario’s Three-Year Outlook

Economy Entering a Cloudy Period: Ontario’s Three-Year Outlook

Pages:14 pages21 min read

Author: The Conference Board of Canada


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.

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This quarter, we consider the effects of a cooling labour market, conflicting dynamics influencing housing demand, and momentum in goods and services exports on Ontario’s economic outlook.

Have the effects of elevated interest rates finally started to take hold? Among other factors, what will this mean for the average household as disposable income erodes and inflation persists? Will increased capital spending and strong non-residential investment be enough to mitigate the worst of an economic downturn? We share our forecast for Ontario’s economy, including GDP and the consumer price index.

Read the issue briefing to get our full analysis.

Key findings
Ontario snapshot
Labour markets, income, and consumption
Business investment
Government outlook

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