The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]Ontario's net debt-to-GDP ratio will rise to 40.7% in the ...

Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta, Saskatchewan, Newfoundland and Labrador and the territories rely heavily on natural resources.

In 2023, Ontario had a population of 15.6 million with nominal GDP estimated at just under $1.1 trillion, both representing almost 40 per cent of Canada. Ontario has a diverse advanced economy, with technology-led manufacturing, extensive financial and business services, and globally recognised higher education and scientific research.

2021年10月15日 · Ontario’s real GDP advanced 0.2% in the third quarter of 2024, after increasing 0.3% in the previous quarter. Household consumption spending rose 0.3%, after remaining unchanged in the previous quarter. Higher spending on durables (+0.7%) and services (+0.6%) was partially offset by declines in semi-durables (−1.6%) and non-durables (−0.4%).

2024年10月23日 · This article provides an integrated summary of recent changes in output, consumer prices, employment, and household finances. It highlights changes in the economic data during the first half of 2024 and into the summer months. The article also examines how economic conditions have changed as borrowing costs continue to evolve.

The 2024 OER provides insights into Ontario’s economy and the business community’s perspective across sectors and regions regarding affordability and concerns about GDP-per-capita.

2025年1月29日 · The Canadian economy continues to be in modest excess supply. The output gap is estimated to be between -1.25% and -0.25% in the fourth quarter, roughly unchanged from the third quarter. Due to upward revisions to the level of GDP, there is slightly less excess supply than at the time of the October Report (see Changes to the projection in the ...

Economic growth, measured on a year-over-year basis, slowed to 0.5% in the third quarter, the slowest pace since early 2021. Household disposable income, measured in current dollars, rose 1.0% in the third quarter, buoyed by increases in wages and salaries and government transfers.

Ontario is part of an integrated global economy, strongly influenced by growth in other regions, commodity prices, the Canadian dollar exchange rate and interest rates. Assumptions about these key external factors shape the backdrop of this long-term projection and are broadly aligned with private-sector forecasts.

2025年1月31日 · Ontario is responsible for 41% of overall Canadian imports. As a share of GDP, Ontario (41%), New Brunswick (34%) and Manitoba (33%) import the largest volume of goods. High shares may be partially due to imports of intermediary goods for use as inputs by manufacturers. The US is the country of origin for 44% of Canadian imports.