2022 Ontario Economic Report

Executive Summary:

The sixth annual Ontario Economic Report(OER) offers unique insights into business perspectives across Ontario. The report is driven by data from our annual Business Confidence Survey (BCS) and economic forecasts for the year ahead.

Although the timing of our survey did not allow us to capture reactions to the Omicron variant, our analysis on Ontario’s economic outlook is informed by the latest projections, including the impacts of Omicron. This year’s OER presents a clear picture of the unprecedented challenges many businesses continue to face as they navigate the pandemic and its economic impacts.