Ontario’s 20-Year Outlook—July 2026

Ontario’s 20-Year Outlook—July 2026

Provincial Economic Analysis
15 min read

Author: Christopher Heschl

$705.00

This annual 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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Aging Province Navigates Choppy Waters

This quarter, we look at what an aging population, a tight labour market, and trade protectionism in the U.S. and globally mean for Ontario’s long-term outlook to 2045.

Ontario’s economy is expected to grow by a moderate 2.1 per cent annually between 2026 and 2045. Will an aging population tighten the province’s labour markets, or will a rising core-age population counterbalance this trend? Exporting industries face headwinds from trade protectionism in the U.S. and globally. Will the province’s strong manufacturing sector remain competitive in the coming years?

Read the outlook to get our full report.

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