The prospects for Ontario's economic growth are bright over the longer term with real output forecast to rise by 2.1 per cent in 2009 and 2.7 per cent in 2010. This growth will foster strong job creation and rising incomes.

Ontario has a diverse and well-balanced economy with high concentrations of manufacturing and financial and business services. There has been a marked shift towards export-oriented, higher value-added industries.

Employment in Ontario stood at 6,593,800 in 2007. 101,100 net new jobs were created in Ontario in 2007. Job creation is expected to rise by 68,000 in 2008, and 163,000 in 2009-2010.

CPI inflation in Ontario is forecasted to be 1.4 per cent in 2008, and 1.9 per cent in 2009.

Ontarians, in most years, can expect the province to be one of the fastest-growing regions in the advanced industrial world. Ontario benefits from a growing labour force, which is attracted and sustained by a high quality of life and equipped with the education, skills and initiative needed to compete in today's knowledge-based market place. Centrally located within North America and offering a hospitable business climate, Ontario is a prime location for investment. [More]