ANALYSIS | Ontario's economy was already feeble before Trump tariffs came along to kneecap it

ANALYSIS | Ontario's economy was already feeble before Trump tariffs came along to kneecap it

With all the noise of back-to-back provincial and federal election campaigns, you’d be forgiven for not hearing the cracking sounds coming from Ontario’s fragile economy since January, even before U.S. President Donald Trump’s tariffs began to bite.

A toast to VQA wines and the wave of optimism sweeping the Ontario industry - Wines In Niagara

By Rick VanSickle Even with the world mired in chaos due to one man’s scatter-brained tariffs, the Ontario wine industry just might want to raise a huge (the hugest!) glass of local wine to the unhinged dude who made it all happen. Since March 4, when Ontario Premier Doug Ford announced that the LCBO was pulling 3,600 U.S.-made alcohol products from its shelves in response to President Donald Trump’s tariffs, interest in Canadian wines has surge…

The impact of US tariffs on the Canadian economy is huge, especially on Ontario, which is heavily dependent on the US market. However, before the US tariffs came into effect, in January this year, the Ontario economy had already shown signs of weakness.

Cracks in Ontario’s economy were starting to show before Trump’s tariffs

With all the noise of back-to-back provincial and federal election campaigns, you’d be forgiven for not hearing the cracking sounds coming from Ontario’s fragile economy since January, even before U.S. President Donald Trump’s tariffs began to bite.  The unemployment rate in the province was 7.6 per cent in January, 7.3 per cent in February and 7.5 per cent in March, Statistics Canada reported. The only province with a higher unemployment rate …