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.
Labour markets, income, and consumption