Ontario Economy

• Volkswagen to build EV battery plant in Ontario

  Volkswagen has announced it plans to build an electric vehicle battery plant in St. Thomas, in southwestern Ontario.

  Economy

  Mar 13
  
• 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.

  Economy

  Feb 15
  
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• Ontario resilient enough to weather possible recession, finance minister says

  Peter Bethlenfalvy says the fiscal situation has improved by billions of dollars, although still running at a deficit.

  Economy

  Feb 15
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• Ontario’s economy to slow sharply, but rebound next year: fiscal watchdog

  The 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.

  Economy

  Feb 7
• Ontario’s tourism sector won’t fully recover from pandemic until 2025: report

  Ontario'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.

  Canada

  Dec 12, 2022
• Hourly wages needed to live in Ontario rise as inflation persists

  In 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.

  Economy

  Nov 14, 2022
• Fall economic statement offers new supports amidst ‘uncertain’ economic future for Ontario

  The 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.’

  Economy

  Nov 14, 2022
• Ontario government set to release fall economic outlook

  Finance Minister Peter Bethlenfalvy says the province will take a responsible approach to push its plan to build homes and highways.

  Economy

  Nov 14, 2022
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• Ontario auto parts maker Magna International reports higher Q3 profit, sales

  Magna International Inc. says it earned US$289 million in its third quarter, up from US$11 million in the same quarter last year. 

  Economy

  Nov 4, 2022
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• Ontario economy on a ‘knife’s edge’ while government programs face underfunding, FAO says

  Financial Accountability Officer Peter Weltman said Ontario's economy is projected to slow down amid high interest rates and cautious consumer spending.

  Economy

  Oct 27, 2022