Ontario in a Trade Fog
After growing by 1.3 per cent in 2025, Ontario’s economy is expected to grow by 0.7 per cent this year as global economic headwinds undermine growth prospects.
Will tariff relief be forthcoming in 2027, and will the outlook improve over the rest of the forecast? Will households continue to express caution with their discretionary spending? What is expected for labour force growth and job gains? What is the outlook for residential investment over the medium term? What about non-residential investment? And will Ontario’s deficit deepen this year amid shaky economic conditions?
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