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Ontario's economy gets a 'B,' according to new report

The Conference Board of Canada says despite challenges, Ontario's economy scores a "B."

An auto worker guides vehicles down an assembly line.
Photo: AP/Tony Gutierrez

There's a new report about the Ontario economy which the big three Ontario political party leaders are likely to selectively grab hold of to support their election campaign messages.

The Conference Board of Canada says that despite considerable challenges, the provincial economy scores a solid "B."

When it comes to employment growth, Ontario gets an "A" -- largely because of the economic rebound in the US; Ontario's largest trading partner.

The Board stresses, however, that chronically high government deficits "have made it difficult for the province to invest in education and innovation and Ontario is experiencing a long-term shift toward a more service-oriented economy."

It recommends the province specialize in new technologies.   

Chief economist Glen Hodgson says in doing so, "Ontario could be a leader, instead of a laggard."

"Ontario remains a relatively healthy economy compared to its international peers," he says.

Hodgson's B-rating puts Ontario in the company of countries such as Germany, Sweden, and Austria.

Long term, the Conference Board says Ontario faces the prospects of a steady erosion of its prosperity, for a few reasons:

Most important: a decline in labour productivity.  Also problematic are chronically high fiscal deficits and rising debt levels of the Ontario Government, which restricts its ability to invest in innovation and education.

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  1. Mark posted on 05/15/2014 07:06 AM
    "despite considerable challenges" is the key phrase in this report. Those challenges are the liberals who have allowed the manufacturing sector to be decimated, allowed hydro cost for business and citizens to skyrocket, and who have rewarded public sector workers like piggy teachers unsustainable contracts in return for political support.

    We need to crush these bastard libranos into dust at the polls and stand behind Hudak in hopes that we can turn this province from a restaurant severing population to high paying jobs with a lean and efficient public sector SERVING US, AND NOT SUCKING FROM US.
    1. Points to Ponder posted on 05/15/2014 07:44 AM
      @Mark Looking at your list, here's the other side:

      "manufacturing sector" - most of the fault can be laid at the federal level. Every province has suffered significant losses in this sector as a result

      "hydro costs" - a poor job has been done by the Liberals - but remember that the crux of the problem is the splitting up of Ontario Hydro by the Harris nitwits.

      "piggy teachers" - teachers have "enjoyed" raises slightly above the rate of inflation for the past 9 years after an 11 year wage freeze. Your memoru is conveniently short ... or totally absent.

      The Hudak "solution" of slash and burn will merely repeat the mistakes made the last time the Tea Party was in control of the province ... that's right ... Harris again.
    2. Points to Ponder posted on 05/15/2014 07:46 AM
      @Points to Ponder Hey, I invented a new word !
      "memoru" should be "memory"
    3. Frankie posted on 05/15/2014 09:15 AM
      @Points to Ponder Other side -

      You're blaming the Feds for free trade that has affected manufacturing. It opened up a market 10X our size yet that's bad. You'd prefer Canada remain an island while the world's tariffs are falling. Some sectors suffer while others prosper, just like horse and buggy suffered with advent of cars

      Hydro - why not blame Mike Harris for WWII, Al-Qaeda, global warming... Don't you people ever get tired of your nonsense? He's been out of power for almost 20 years, plenty of time for Liberals to fix any "mess" you perceive

      Teachers - still grossly overpaid except for the top ones, and too many crappy ones around.

      "slash and burn" hardly describes what Hudak is suggesting. Ontario debt is 5X that of California per capita, debt has tripled since Liberals came to power. I hope one day Liberals will wake up and realize money doesn't grow on trees, and waste is on the backs of hard-working taxpayers. Hudak is merely trying to reverse the disastrous cliff the Liberals have pushed us over.
    4. Points to Ponder posted on 05/15/2014 09:53 AM
      @Frankie You really should try to keep up with your reading.

      A report was issued just yesterday stating that the BIG free trade deal that Harper was bragging about and the one you're espousing has done NOTHING to date.
      Thank goodness !!

      John Turner was correct when he railed against Mulroney's first foray into free trade (remember when we were sold down the river with NAFTA?) - and it's been downhill for the Canadian economy ever since.

      Wake up !!!
      There has NEVER been a successful economy in this province or this country overseen by the Conservatives - that's right - NEVER !!

      Stop spouting Tea Party garbage and educate yourself.
    5. cotrim posted on 05/15/2014 10:15 AM
      @Mark you will have to blame the decimated manufacturing sector on greedy corporations. low corporate taxes and perks and loopholes seem to be not be sufficient for them. it's about how cheap can i get in labour costs to get my t-shirt made overseas then turn around and sell it back here for 300 or 400 % mark up. damn Canadian jobs damn workers or safety rights in Bangladesh. profits and dividends is what they only care about. where i can and when i can i only buy Canadian and boycott companies that choose to kill Canadian jobs. capitalist greed and banking/financial greed as in the states decimating cities and peoples lives
    6. Frankie posted on 05/15/2014 11:08 AM
      @Points to Ponder I was referring to USFTA followed by NAFTA, not the European agreement as it's too early to tell. You keep spewing tea party because you have no valid arguments. One of the biggest reasons for changes in manufacturing and our economy has to do with emerging markets, particularly China.

      I'm not here to teach you economics. Educate yourself and you'll understand.
    7. Points to Ponder posted on 05/16/2014 07:16 AM
      @Frankie Never mind ... stay in denial ... you're more fun that way.

      Or ... if you're brave (no - foolhardy) - challenge my proven fact that there has NEVER been a successful economy either federally or provincially under a Con government since Sir John A.
  2. cotrim posted on 05/15/2014 10:02 AM
    great news Ontario. great news for the Liberals. a solid B with a robust economy and steady job growth.
    lets get out and vote and send a solid message to the conservatives that draconian policies are not wanted here or needed
    1. Sonny posted on 05/15/2014 10:23 AM
      @cotrim Yes make sure the Cons lose. Hudak wants to lower corporate taxes when Ontario already has one of the lowest in North America!
    2. David posted on 05/16/2014 06:53 AM
      @Sonny I'm sure you could push alot of people to vote liberal if you provided a list of their great accomplishments over the past 10 years Sonny. Unfortunately, it appears to be taking you awhile to put a few points together. Should I just look the other way regarding the billions wasted and the lies? Come on, work with me, where is the list?
  3. Mark7 posted on 05/15/2014 10:59 AM
    All criminal Fiberal voters are utter pinheads! Cased closed and non negotiable. I have never voted criminal Fiberal in my 50 years on earth either provincially or federally and never will. At least some of us have a brain.
    1. arthur posted on 05/15/2014 11:19 AM
      @Mark7 wow! sure glad my brain is wired differently than yours
    2. MarkFromEtobicoke posted on 05/15/2014 12:22 PM
      @Mark7 I'm sure that as a proud member of crackhead nation, you voted for and will vote again for the druggy Fords. I am embarrassed to have the same first name but, rest assured, any recommendation from Mark7 will have me doing the opposite. I was going to vote NDP, but given the conservative lunacy I have been reading here and elsewhere, you have convinced me to vote Liberal just to teach you blow-hard fools a lesson. True, cut of my nose to spite my face, but there you go.
    3. Mark7 posted on 05/15/2014 03:07 PM
      @MarkFromEtobicoke You are damn right I will PROUDLY vote for Mr. Ford. The best mayor in my lifetime and yours, whether or not you admit it.

      If you are embarrassed to have my name, then you have a major issue with an identity crises, son. Seek help and spare me the childish, worn out rhetoric of yesteryear. Some people's children! Sigh

      Your reply to me proved my point about fools who vote criminal Fiberal, but you are too ignorant to realize it. You hung yourself with your own words. Duh! lol
    4. MarkFromEtobicoke posted on 05/16/2014 03:14 PM
      @Mark7 No, I'm embarrassed that I share a first name with a crackhead nation member.
  4. john posted on 05/15/2014 11:24 AM
    what economy ? how much of our tax payer money did thay waste to pay off these people .? economy dos not exist here ? it died when the liberals got in ! .
    1. arthur posted on 05/15/2014 11:56 AM
      @john Hodgson's B-rating puts Ontario in the company of countries such as Germany, Sweden, and Austria.
      I'll take that over Hudak's race to the bottom to be like Detroit
    2. Dean posted on 05/15/2014 12:04 PM
      @arthur Wow, it is AMAZING how many people have the wrong idea of what happened in Detroit.

      Detroit was Union Mecca. Everything they wanted, they got. No matter how unreasonable or unsustainable their demands, they were allowed to keep growing and consuming without any checks or restraints.

      What happened to Detroit is the natural outcome to that situation: When it became unprofitable to operate there, they left. The unions got every single thing they ever asked for, and the result was a dead city.
    3. john posted on 05/15/2014 12:13 PM
      @arthur wrong again my friend we all already going by way of Detroit do some research u will be surprised what u will find .
    4. MarkFromEtobicoke posted on 05/15/2014 12:25 PM
      @john Delusional Conservatives are delusional, just like Hudak.
    5. Jack posted on 05/15/2014 12:27 PM
      @MarkFromEtobicoke By all means, present us with your defense of the Liberal Party. What is it, among the dozens of scandals and billions of wasted dollars, that makes you think they're qualified to continue governing Ontario?

      We need a change, if we're going to survive. The choice is clear: Hudak for Premier.
    6. arthur posted on 05/15/2014 12:28 PM
      @john nice try! but unless you're a chief economist and can prove your credentials. you don't mind if i take the word of the chief economist for the conference board of Canada comparing Ontario to the countries stated above over some internet troll named John :)
    7. Mark7 posted on 05/15/2014 03:17 PM
      @arthur So says the troll named arthur.....
    8. Mark7 posted on 05/15/2014 03:20 PM
      @arthur That is the root of your thinking problem right there. Listening to a "chief economist", how utterly stupid! Just look around with your own eyes and you will see it is all smoke and mirrors by these people. "Economists" got us into this situation to begin with.
    9. john posted on 05/15/2014 03:35 PM
      @arthur sad part is u think i give a crap .if u do or not . must be the liberal virus that has been hitting people lately . unlike u i cant be corrupted by daemons . cause i know the truth .
    10. Mark7 posted on 05/15/2014 05:47 PM
      @john Well put john. To the criminal Fiberal voters, one word, baaaaaaa.
    11. Perplexed posted on 05/16/2014 07:21 AM
      @john So, john ... just what language is it that you're trying to use?
    12. john posted on 05/16/2014 12:29 PM
      @Perplexed okay so instead of respecting what i said . u are just going to resort to making fun of my language ? real nature mate real nature . something tells me u are a 16 year old troll would not surprise me .
    13. MarkFromEtobicoke posted on 05/16/2014 03:17 PM
      @john Actually "John", you sound like a 30 something troll pretending to be a 13 year old. Perplexed, on the other hand, uses literate English.
  5. don was right posted on 05/15/2014 05:50 PM
    Stop buying KIA and Hyundai and Hitachi and Samsung, stop buying american sausages and canned beans and chinese canned vegetables, stop spending vacation money in Cuba, stop buying Canada Olympic souvenirs made in China and Bangladesh, stop buying furniture and lumber made in China, stop buying clothing at the Gap and Old Navy. Stop buying duty free stuff at the border. Free rade is great, but its not for YOU to get cheaper crap but for stufff you make HERE to sell in China and Korea and USA.
    1. Angry Bill posted on 05/16/2014 10:08 AM
      @don was right Sure, don. I'll get right on that as soon as things stop costing 200% more in Canada than they do in any other country in the world, including the US.
    2. john posted on 05/16/2014 12:38 PM
      @don was right sounds like a good ideal but here is the thing

      how are u going to get around this country ?

      how are u going to even eat ?

      do u have enough money to buy Canadian made stuff ?

      not with the current government we got now .

      i would gladly buy stuff made in Canada but u cant get anything for free not like the old days .
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