shockedcanadian
Diamond Member
- Aug 6, 2012
- 38,381
- 36,962
- 2,905
A nation that denies the liberty of their citizens to compete in their economy is going to lose in the long run. We saw the Soviet Union collapse due to the nepotism and suppression of their most ambitious. Canada is going to face the same consequences, Police States never succeed. They predicted as many as 500k jobs lost so we will see where it lands.
While America follow Canadas path or will meritocracy lead Americas economy to former glory and dominance?
U.S. tariffs and Canada's response could result in 68,100 fewer jobs in Ontario this year, a new report estimates.
This figure may increase to 119,200 jobs in 2026 and 137,900 jobs in 2029, according to the report by the Financial Accountability Office of Ontario (FAO), released Wednesday.
The FAO provides independent financial and economic analysis to the Ontario legislature.
Wednesday's report compares a tariff scenario based on trade actions announced by the U.S. and Canada as of April 17 against a no tariff scenario.
"The actual impact of tariffs on Ontario's economy is uncertain and will depend on the magnitude, breadth and duration of tariff coverage, as well as how businesses, households and economies respond," the report said.
U.S. tariffs are expected to raise Ontario's unemployment rate by 1.1 per cent from 2025 to 2029, compared to the no tariff scenario, the report said.
The majority of predicted job losses would happen in the manufacturing sector, as well as related supply chain industries, according to the report.
While America follow Canadas path or will meritocracy lead Americas economy to former glory and dominance?
U.S. tariffs and Canada's response could result in 68,100 fewer jobs in Ontario this year, a new report estimates.
This figure may increase to 119,200 jobs in 2026 and 137,900 jobs in 2029, according to the report by the Financial Accountability Office of Ontario (FAO), released Wednesday.
The FAO provides independent financial and economic analysis to the Ontario legislature.
Wednesday's report compares a tariff scenario based on trade actions announced by the U.S. and Canada as of April 17 against a no tariff scenario.
"The actual impact of tariffs on Ontario's economy is uncertain and will depend on the magnitude, breadth and duration of tariff coverage, as well as how businesses, households and economies respond," the report said.
U.S. tariffs are expected to raise Ontario's unemployment rate by 1.1 per cent from 2025 to 2029, compared to the no tariff scenario, the report said.
The majority of predicted job losses would happen in the manufacturing sector, as well as related supply chain industries, according to the report.
