February 14, 2009
To understand how vulnerable the Ontario economy is to the current conditions of the US and Canada economy, it is useful to look at where the strength of the economy has traditionally been.
Structure of the Ontario Economy, 2007 Per Cent share of GDP
Some published reports that give some insights into the potential impacts on the Ontario economy and consequences include:
- Detroit Big 3 Economic Impact (on Ontario)
- Unemployment and job displacement: the impact on family and children
- Life After the High Tech Downturn
- Canadian Federation of Independent Business – Business Barometer: Results of December 2008 survey on SME business expectations
- Stats Canada Feb 6, 2009 Unemployment Numbers and Characteristics
- Information and Communication technologies: Contribution to the economy
It is interesting to note that Quebec and Ontario account for over 85% of ICT manufacturing in Canada (based on 2002 numbers from Stats Canada).
Click to enlarge
Some good sources of reference materials to dig deeper and form your own opinions are available at:
- Statistics Canada
- Ontario Ministry of Finance
- Ontario Demographics
- Ontario Economic Structure
- Ontario Economic Indicators
- Ontario’s Aerospace Industry
- Ontario’s Automotive Industry
- Ontario’s Call Centres
- Ontario’s Environment Industry
- Ontario’s ICT Industry
- Ontario’s Life Sciences
- Ontario’s Mining Industry
- Ontario’s Plastics Industry
- Canadian Economy Online
- Centre for Spatial Economics
News articles reflecting important changes to the Ontario economy:
