Ontario’s Economy to Slow Sharply, but Rebound Next Year: Fiscal Watchdog

Ontario’s Economy to Slow Sharply, but Rebound Next Year: Fiscal Watchdog
People watch the S&P TSX composite index screen at the TMX Market Centre in downtown Toronto on Nov.11, 2022. The Canadian Press/ Tijana Martin
The Canadian Press
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Ontario’s economy will be “doom and gloom” before bouncing back next year, the province’s fiscal watchdog said Tuesday.

In its latest outlook, the Financial Accountability Office of Ontario said the province’s economic growth is expected to slow sharply this year with a modest recovery beginning next year.