From Financialpost · · 40s
Tariffs hurt Ontario but don't explain economic decline
Ontario's economic struggles predate Trump tariffs, with per-person GDP growth lagging behind peers.
In brief
Ontario's economic struggles predate Trump tariffs, with per-person GDP growth lagging behind peers. Ontario's economic decline began long before U.S. tariffs, with per-person GDP growth at 51st place nationally. Originally reported by Financialpost.
Ontario's economic struggles
Ontario's per-person GDP growth ranks 51st among 60 jurisdictions, lagging behind states like Alabama and Kentucky.
Tariffs impact limited
U.S. tariffs hurt Ontario's manufacturing and economy, but the province's decline began long before Trump's trade war.
GDP growth comparison
Ontario's real per-person gdp grew 18 percent from 1999 to 2024, the fifth-slowest rate among provinces and states.
Income stagnation
Ontario's median employment income ranks 54th nationally, behind states like Mississippi and South Carolina.
What it means
Ontario's economic decline began long before U.S. tariffs, with per-person GDP growth at 51st place nationally.
