Tag: London economy
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 […]
London-area home sales plummet, again, as listings pile up
Home sales in the London area plummeted in March, new figures show, deepening a slump that’s now run through the first quarter of 2025. Only 508 homes were sold last month in the London area, which also takes in Strathroy, St. Thomas and portions of Middlesex and Elgin counties, the London and St. Thomas Association […]
The city enjoyed a 3.2 per cent spike in the value of goods made here, called gross domestic product or GDP, in 2023. However, inflation and interest rates have taken hold to slow that to 1.7 per cent
London’s once hot economy remains âhealthyâ although it slowed this year to a steady pace that is expected to continue through 2025, says an economic report released Thursday. London enjoyed a 3.2 per cent increase in the value of goods made here, called gross domestic product or GDP, in 2023. However, higher inflation and interest […]