Industry Canada’s Ontario Regional Office released the May 2010 update of the Ontario Economic Overview.

Things seem to be looking up for Ontario:

• Ontario’s GDP outpaced both Canada and the US in Q4 2009 by 1.6%
• Ontario’s economy is forecasted to grow by 3.6% this year just ahead of Canada’s 3.4% projected growth
• A slight decline in unemployment is expected: down to 8.1% from 8.9%
• Quebec based Héroux-Devtek announced it will be investing $26.5 M in its Kitchener facility
• Hind High Vacuum Company, a Canadian solar firm, announced they will build a solar panel manufacturing facility at the Windsor International Airport which is forecasted to create 200 new jobs

Visit: http://www.ic.gc.ca/eic/site/ich-epi.nsf/eng/02043.html to receive a full copy of the report.

Tags: Ontario economy

This entry was posted on Wednesday, June 9th, 2010 at 10:54 am and is filed under Issue This. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.