{"id":10802,"date":"2016-09-08T20:28:00","date_gmt":"2016-09-08T20:28:00","guid":{"rendered":"https:\/\/immigrationca.staging.wpengine.com\/fr\/?p=10802"},"modified":"2016-09-08T20:28:00","modified_gmt":"2016-09-08T20:28:00","slug":"ontarios-gdp-boost-reason-optimism","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/ontarios-gdp-boost-reason-optimism\/","title":{"rendered":"Ontario\u2019s GDP Boost a Reason for Optimism"},"content":{"rendered":"

Ontario\u2019s economy is threatening to throw off the growth shackles felt across the major countries of the world, if first-quarter figures are anything to go by.<\/p>\n

The Canadian province posted real GDP growth of 0.8 per cent for January to March, putting a 2016 total of 3.2 per cent on the cards.<\/p>\n

\"Ontario\u2019s<\/p>\n

That significantly beats not only the 2.2 per cent federal projection, but also Canada-wide data, and estimations for the USA and every other G7 nation.<\/p>\n

The quarterly performance also thrashes the GDP increases of the last three first quarters (0.2 per cent in 2015, 0.3 per cent in 2014 and 0.4 per cent in 2013).<\/p>\n

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Provincial Premier Kathleen Wynne puts it down to her government\u2019s economic plan.<\/p>\n

\u201cI\u2019m very pleased that Ontario\u2019s economy posted strong growth in the first quarter,\u201d she said.<\/p>\n

Export growth of 1.7 per cent and a 1.2 per cent manufacturing boost are some of the figures behind the increase. Ontario\u2019s car industry is benefiting from the Canadian dollar\u2019s weakness against its U.S. counterpart.<\/p>\n

Household spending is also up as a clear indication of a growing economy.<\/p>\n

Finance Minister Charles Sousa also expects the provincial deficit to be balanced in 2017, despite increased spending on health services.<\/p>\n

Wynne\u2019s government is still looking for ways to save money.<\/p>\n

She says every department is under pressure to look for ways to increase efficiency to maximise the benefits of every dollar being spent.<\/p>\n

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