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Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3] Ontario's net debt-to-GDP ratio will rise to 40.7% in the year 2019–2020. [4]
Ontario, the country's most populous province, is a major manufacturing and trade hub with extensive linkages to the northeastern and midwestern United States. The economies of Alberta , Saskatchewan , Newfoundland and Labrador and the territories rely heavily on natural resources .
Download as PDF; Printable version; ... Economy of Northern Ontario (4 C, 2 P) O. Ontario Hydro ... Protecting a Sustainable Public Sector for Future Generations Act ...
The financial service sector, including banks and insurance companies, account for about 20% of Toronto's economy. [6] Toronto was the first North American exchange to employ decimal pricing, and one of the first in the world to use a fully computerized system. [7] The world's first exchange-traded fund (ETF) was listed in the exchange in 1990. [8]
Three sectors according to Fourastié Clark's sector model This figure illustrates the percentages of a country's economy made up by different sector. The figure illustrates that countries with higher levels of socio-economic development tend to have less of their economy made up of primary and secondary sectors and more emphasis in tertiary sectors.
The economy of Greater Sudbury, Ontario was dominated by the mining industry for much of the city's history. [1] In recent decades, however, the city has diversified to establish itself as an emerging centre in a variety of industries, including finance, business, tourism, health care, education, government, film and television production, and science and technology research. [2]
For example in 1985, it was renamed Ministry of Industry, Trade and Technology to reflect the growing importance of technology in Ontario's economy. Since 1993, the department was mostly named the Ministry of Economic Development and Trade or some similar variations, except between 2002 and 2003 when it was briefly named Ministry of Enterprise ...
Location of Ontario. The following outline is provided as an overview of and topical guide to Ontario: Ontario – one of the provinces of Canada, located in east-central Canada. [1] It is Canada's most populous province or territory [2] and fourth largest in total area. [3]