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The Toronto-Dominion Centre in Toronto. The economy of Ontario is diversified.Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. [1] [2] Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. [3]
The Ministry of Economic Development, Job Creation and Trade (formally known as Ministry of Economic Development and Growth) in the Canadian province of Ontario is responsible for programs to attract and retain business and economic development in the province. This is pursued through research and development funding, business advisory services ...
This trade deficit is largely driven by American demand for Canadian oil; when oil exports are excluded, the U.S. has a trade surplus with Canada. [7] Roughly 60 percent of the oil imported by the United States is sourced from Canada.
Health care jobs are in demand in 2025 — one of the top roles can pay $385,000. The health sector holds many of the best job opportunities for workers in 2025, due to factors like high labor ...
The most important economic activity in Ontario is manufacturing, and the Toronto-Hamilton region is the most highly industrialized section of the country. The area from Oshawa, Ontario around the west end of Lake Ontario to Niagara Falls is known as the "Golden Horseshoe" and the centre of it is Hamilton.
Added to this base load, the peak load raises Ontario's maximum electricity demand to 27,000 MW. This peak is typically met by oil/natural gas-fired, coal and select hydro-electric power plants. These plants can respond to changes in demand rapidly, but have higher operating costs. Average demand in Ontario is currently 17,500 MW. [49]
In 2017, Ontario's gross exports were 19.1 TWh, [89] i.e. roughly equal to half its hydro generation of 37.7 TWh in 2017. [86] (Although Canada is the world's third-largest producer of natural gas, [97] Ontario imports natural gas from the United States and from western Canada.) If all the carbon emissions associated with natural gas-fueled ...
The Canadian dairy sector contributes approximately $19.9 billion yearly to Canada's GDP, and sustains approximately 221,000 full-time equivalent jobs and generates $3.8 billion in tax revenues. [6] On average, two-thirds of Canadian dairy produced is sold as fluid milk while the remaining one-third is refined into other dairy products such as ...