Ontario could lose more than 68K jobs due to U.S. tariffs this year, a new report finds
- A report published on April 15, 2025, by Ontario’s financial oversight agency projects significant job reductions in the province as a result of U.S. Tariffs.
- Trade duties introduced by the United States on steel, aluminum, and automobiles have disrupted major exports from Ontario, especially impacting the manufacturing industries.
- The report projects 68,100 fewer jobs in 2025, rising to nearly 138,000 by 2029, with Windsor and other manufacturing-heavy cities most affected.
- It states Ontario’s unemployment rate could increase by 1.1 percentage points through 2029, while GDP growth slows modestly from 1.9% to 1.8%, and consumer prices rise slightly.
- The report suggests Ontario may face a modest recession this year if tariffs persist, though government responses and tariff changes could alter outcomes significantly.
24 Articles
24 Articles
52% of frontline workers think they could lose their jobs over tariffs
The Trump administration has framed tariffs as a necessary tool for bringing more jobs to the U.S. and reviving the manufacturing sector. But many economists have warned that widespread job creation is unlikely, given the cost to companies—and in the meantime, Trump’s substantial tariffs will drive up prices for both consumers and businesses, likely forcing them to cut costs through layoffs. Many frontline workers have already expressed concerns…

Ontario could be headed for a recession, Premier disagrees
The premier of Ontario disagrees with a report from the Financial Accountability Office of Ontario (FAO) that predicts the province could be heading towards a "modest" recession this year due to the U.S. tariff war.
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