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Nov 30, 2023 · Statistics Canada's preliminary estimate for real GDP in October suggests the economy grew 0.2 per cent, following a 0.1 per cent increase in September. The Bank of Canada has been striving...
The surprising drop in GDP reflected the impact of government shutdowns as well as downward revisions to oil and gas output, a sector that often has proved difficult for Statistics Canada to accurately track.
Table 1 Ontario, Gross Domestic Product, 2005–2018 (continued) ($ Billions) Item 2012 2013 2014 2015 2016 2017 2018; Real GDP (chained $2012): 680.1: 689.4: 706.5
- Highlights
- Introduction
- Section A: Ontario's 2019–20 Fiscal Outlook
- Section B: Ontario's Economic Outlook
- Section C: Ontario's Economic Performance
- Section D: Details of Ontario's Finances
- Section E: Ontario's 2019–20 Borrowing Program
- Chart Description
As of December 31, 2019, the government is projecting a deficit of $9.0 billion in 2019–20, an improvement of $1.3 billion from the outlook presented in the 2019 Budget and unchanged since the 2019...Ontario's economy continued to grow in the third quarter of 2019. Real GDPgrew by 0.6 per cent, following a gain of 0.8 per cent in the second quarter.Since June 2018, 291,900 net new jobs have been created. The annual unemployment rate in 2019 was 5.6 per cent, matching the 2018 rate, which was the lowest since the late 1980s.Total revenue is projected to be $157.2 billion in 2019–20, $3.1 billion higher than the 2019 Budget projection and $1.5 billion higher than expected in the 2019 Ontario Economic Outlook and Fiscal...The government continues to make steady progress in its plan to return to a balanced budget. The government's responsible and prudent approach to managing the Province's finances has allowed for additional investments in critical public services while making life more affordable for individuals, families and businesses. Since the second quarter of ...
The Province's 2019–20 deficit is projected to be $9.0 billion — an improvement of $1.3 billion from the outlook published in the 2019 Budget and unchanged from the forecast provided at the release of the 2019 Ontario Economic Outlook and Fiscal Review. Improvements are primarily due to higher than forecast revenues and lower projected interest on ...
Private-sector forecasters, on average as of January 22, 2020, estimate that real GDP grew by 1.7 per cent in 2019, above the 1.5 per cent projected at the time of the 2019 Ontario Economic Outlook and Fiscal Review. This estimate is subject to revision as new economic indicators for 2019 are released. The current private-sector outlook for real GD...
Ontario's economy experienced modest growth in 2019. Real GDP grew by 0.6 per cent in the third quarter of 2019, following a gain of 0.8 per cent in the second quarter. Third quarter growth was supported by higher consumer spending, investment in residential structures and stronger exports. Ontario's real GDPgrowth outpaced Canadian growth of 0.3 p...
Revenue
Note: Numbers may not add due to rounding.
Total expense1
, , , , On October 21, 2019 the government announced that the Ministry of Labour would become the Ministry of Labour, Training and Skills Development; the Ministry of Training, Colleges and Universities would become the Ministry of Colleges and Universities; and the Ministry of Tourism, Culture and Sport would become the Ministry of Heritage, Sport, Tourism and Culture Industries. Changes to the names of these ministries are reflected in the 2019–20 Third Quarter Finances; any resulting chang...
Infrastructure expenditures
Includes $475 million in interest capitalized during construction. Includes transfers to municipalities, universities and non-consolidated agencies. Includes government administration, natural resources, and the culture and tourism industries. Other Partner Funding refers to third-party investments primarily in hospitals, colleges and schools. Includes Federal/Municipal contributions to provincial infrastructure investments. Note: Numbers may not add due to rounding.
The forecast for the Province's 2019–20 long-term public borrowing program remains at $31.9 billion, unchanged from the 2019 Ontario Economic Outlook and Fiscal Review and $4.1 billion lower than the forecast in the 2019 Budget.
Chart: Ontario real GDPgrowth This bar chart shows the 2019 Ontario Economic Outlook and Fiscal Review forecast and private-sector average forecast for Ontario real GDP growth in 2019 and 2020. In the 2019 Ontario Economic Outlook and Fiscal Review, the Ministry of Finance projected Ontario's real GDP to rise by 1.4 per cent in 2019 and 1.5 per cen...
Nov 4, 2019 · Real GDP growth accelerated in the second quarter of 2019, as output expanded at the fastest pace in two years. Real GDP rose 0.9% in the second quarter, following a 0.1% gain in the first. Final domestic demand, which reflects total consumption and investment activity, edged down 0.2% in the second quarter, the second decline in the last three ...
Nov 29, 2019 · Statistics Canada says the Canadian economy grew at an annualized pace of 1.3 per cent in the third quarter. That compared with a revised annualized pace of 3.5 per cent in the second quarter....
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Nov 30, 2021 · Real gross domestic product (GDP) rose 1.3% in the third quarter, driven by household spending and exports. As pandemic restrictions were phased out, households and businesses, in Canada and elsewhere resumed normal operations. This raised household spending and created a greater demand for exports.
