Tag: Ontario Articles
55 Results
Ontario slashes its deficit projection
November 15, 2022 Budget shortfall cut by more than a third this year and nearly eliminated by 2024-25. Last year’s revenue spurt continues to set a more positive base. Provincial government assumes a mild recession in 2023. The province’s net debt-to-GDP ratio is now tracking below pre-pandemic levels. As expected, Ontario’s Fall Economic Statement included sizable downward revisions […]Ontario budget 2022: Keeping spending in motion as pandemic impact fades
April 29, 2022 The government plans to boost expenditures by $11.5 billion this year, or nearly double the $6.2-billion forecasted rise in revenues.Provinces to enter advanced stages of recovery in 2022
December 2, 2021 While the pandemic still poses a significant risk to all provincial economies, the recovery is proceeding generally well. - RBC EconomicsOntario shrinks its deficit projection by over one-third in Fall Fiscal Review
November 5, 2021 Ontario’s much anticipated Fall Fiscal Review did not surprise. Like other provinces that have released fiscal updates this fall, Ontario significantly altered its projections, boosting revenues and expenditures, and slashing the deficit by a record amount. The updated $21.5 billion deficit for this fiscal year is a whopping $11.6-billion (35%) reduction from the projection made […]Canadian home buyers see affordability slipping away fast
October 7, 2021 Canada's housing market isn't as frenzied as it was at the start of this year, yet continues to operate at historically strong levels.Recovery bumpy but still advancing in all provinces
September 13, 2021 Despite the third wave causing greater-than-expected disruptions this spring, the economic recovery remains on track across Canada's provinces.Canada’s housing markets: low inventories and fatigue dampen activity in August
September 8, 2021 Home resales last month continued to broadly moderate toward pre-pandemic levels with inventories remaining exceptionally low in many housing markets.Overheating risk eases as Canadian housing market calms down
August 31, 2021 RBC Economics assesses the key indicators of Canada's housing market to see if there are any early warnings of potential imbalances.Pandemic affordability relief was short-lived for Canadian home buyers
June 28, 2021 Canada's housing market heated up further in the early months of 2021, driving RBC's affordability measure to its worst level in 31 years.1 of 6