Ontario Economy
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Volkswagen to build EV battery plant in OntarioVolkswagen has announced it plans to build an electric vehicle battery plant in St. Thomas, in southwestern Ontario.EconomyMar 13
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Italian pasta company Andriani to open production facility in London, Ont.The plan will see Andriani, known for its Biori and Felicia pasta brands, construct a 50,000 sq. ft. facility dedicated to manufacturing allergen and gluten-free pastas.EconomyFeb 15
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Ontario resilient enough to weather possible recession, finance minister saysPeter Bethlenfalvy says the fiscal situation has improved by billions of dollars, although still running at a deficit.EconomyFeb 15
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Ontario’s economy to slow sharply, but rebound next year: fiscal watchdogThe Financial Accountability Office of Ontario says the province's economic growth is expected to slow sharply this year with a modest recovery beginning next year.EconomyFeb 7
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Ontario’s tourism sector won’t fully recover from pandemic until 2025: reportOntario's tourism industry is not expected to fully recover from the pandemic until 2025, the Ontario Chamber of Commerce and the industry say in a joint report.CanadaDec 12, 2022
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Hourly wages needed to live in Ontario rise as inflation persistsIn the report, the Ontario Living Wage Network says the living wage in Toronto is now $23.15 an hour, up almost five per cent from $22.08 a year earlier.EconomyNov 14, 2022
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Fall economic statement offers new supports amidst ‘uncertain’ economic future for OntarioThe Ford government has unveiled its fall economic statement with a handful of tax cuts and changes as the province braces for ‘economic turbulence on the horizon.’EconomyNov 14, 2022
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Ontario government set to release fall economic outlookFinance Minister Peter Bethlenfalvy says the province will take a responsible approach to push its plan to build homes and highways.EconomyNov 14, 2022
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Ontario auto parts maker Magna International reports higher Q3 profit, salesMagna International Inc. says it earned US$289 million in its third quarter, up from US$11 million in the same quarter last year.EconomyNov 4, 2022
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Ontario economy on a ‘knife’s edge’ while government programs face underfunding, FAO saysFinancial Accountability Officer Peter Weltman said Ontario's economy is projected to slow down amid high interest rates and cautious consumer spending.EconomyOct 27, 2022
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