Tag: Conference Board of Canada
The London area rounds out the top five of cities with the most job losses in the province with automotive and manufacturing sectors at the top of the hit list for the greatest impact, states a study
Ontario’s southwest will bear the brunt of the tariff war between Canada and the U.S., with the London region projected to lose 11,500 jobs, a new Ontario report says.
The Conference Board of Canada in its recent Major City Insights report, states the London and region economy will grow by 1.7 per cent this year, after growing 1.9 per cent in 2024.
A leading financial agency is forecasting solid economic growth for London, defying fears of a downturn amid a trade and tariff war between the U.S, and Canada. The Conference Board of Canada in its recent major city insights report, predicts the London and region economy will grow by 1.7 per cent this year, after growing […]
Canadians’ U.S. visits keep dropping, and local tourism may benefit
U.S.-Canada trade tensions led to a steep drop in Canadians heading south last month – a trend that, if it continues, could help boost the London region’s tourism sector, an industry watcher says. Some 1.5 million Canadians made return trips to the U.S. by car in March, a 31.9 per cent drop from the same […]
London jobless rate improves, but U.S. tariffs toll hasn’t yet hit
The London region’s unemployment rate improved in March as the local economy added 2,200 new jobs, a strong showing that doesn’t yet reflect the impact of the trade war between Canada and the U.S. The region’s jobless rate now sits at 5.9 per cent, down from February’s 6.6 per cent, Statistics Canada reported Friday. Including […]
Just how bad will U.S. tariffs hit London region manufacturers?
Tariffs landed with a thud in Ontario’s industrial heartland Thursday, shuttering one major automaker and spreading uncertainty among smaller automotive parts suppliers across the London. The U.S. held to its pledge to punish manufacturers shipping goods south of the border, charging a 25 per cent tariff on automobiles, tariffs on some automotive parts in addition […]