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Encyclopedia > Economy of Ontario
The Toronto-Dominion Centre in Toronto
The Toronto-Dominion Centre in Toronto

The Economy of Ontario is a rich and diversified economy. Ontario is one of the wealthiest provinces of Canada, retaining the highest GDP before the neighbouring French province of Quebec.[1][2][3] The Ontarian economy is highly influenced, and ran by the service sector, though manufacturing also plays an important role.[4] Download high resolution version (768x1024, 256 KB)Taken by SimonP in April 2005 File links The following pages link to this file: Toronto Toronto-Dominion Centre Categories: GFDL images ... Download high resolution version (768x1024, 256 KB)Taken by SimonP in April 2005 File links The following pages link to this file: Toronto Toronto-Dominion Centre Categories: GFDL images ... The Toronto-Dominion Centre. ... This article or section does not adequately cite its references or sources. ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Official languages English (de facto) Flower White Trillium Tree Eastern White Pine Bird Common Loon Capital Toronto Largest city Toronto Lieutenant-Governor James K. Bartleman Premier Dalton McGuinty (Liberal) Parliamentary representation  - House seats  - Senate seats 106 24... The tertiary sector of industry, also called the service sector or the service industry, is one of the three main industrial categories of a developed economy, the others being the secondary industry (manufacturing and primary goods production such as agriculture), and primary industry (extraction such as mining and fishing). ... Manufacturing, a branch of industry which accounts for about one-quarter of the worlds economic activity, is the application of tools and a processing medium to the transformation of raw materials into finished goods for sale. ...


Ontario is the most populous province of Canada, with a population of about 12.5 million permanent residents.[5][6] It is Canada's leading manufacturing province accounting for 52 percent of the national manufacturing shipments in 2004.[7]


Inflation is slowly reducing in Ontario, it was 2.2 percent in 2005, and is forecasted to be 2.1 percent in 2006, and 1.8 percent in 2007.[7]


Ontario has an unemployment rate of 6.3 percent, compared to 6.3 percent of Canada's.[8]


Ontario's main exports are motor vehicles parts and accessories (40.4%), Machinery and mechanical appliances (10.8%), electrical machinery & equipment (5.6%) and plastic (4.1%). [9] A machine is any mechanical or electrical device that transmits or modifies energy to perform or assist in the performance of tasks. ... This article or section does not adequately cite its references or sources. ...


Ontario's main imports are motor vehicles parts and accessories (22.3%), machinery and mechanical appliances (17.7%), electrical machinery and equipment (10.8%), plastic (4.2%) and scientific, professional and photo equipment (3.6%).[10]

Contents

History

In the 19th century, Ontario was mostly unexplored and the amount of natural resources within the province was yet to be recognized. Vast amount of land in the province was forest, at the time, the demand for lumber was enormous as wood was needed for heating and building ships, houses, furniture and railways. During Napaloenic wars, Britain was cut off from its wood supply from the Baltic Sea and was in desperate need for wood.[11] The Baltic Sea is located in Northern Europe, from 53°N to 66°N latitude and from 20°E to 26°E longitude. ...


To be completed


Sectors

Agriculture

Statistics Canada[12] indicates that the farm population in 2001 was 186,085 which is a steep −15.9 percent decline from 1991's 221,230 farm population.[13] Though urban farm population isn't dropping as fast as the rural, urban farm population dropped by 10 percent, compared to the rural's −16 percent.[13] Statistics Canada is the Canadian federal government bureau commissioned with producing statistics to help better understand Canada, its population, resources, economy, society, and culture. ... 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... 1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar. ...


The 2001 Census of Agriculture[14] indicates that the number of farms has declined sharply between 1996 and 2001, continuing a long-term trend.[15]The 2001 Census of Agriculture counted 59,728 farms in Ontario that's an 11.5 percent decline since 1996, which is higher than the decline of 10.7 percent national average.[15] The Foundation for Ancient Research and Mormon Studies (FARMS) is an informal collaboration of academics devoted to Mormon apologetics. ... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... 2001 (MMI) was a common year starting on Monday of the Gregorian calendar. ... Motto: Ut Incepit Fidelis Sic Permanet (Latin: Loyal she began, loyal she remains) Official languages English (de facto) Flower White Trillium Tree Eastern White Pine Bird Common Loon Capital Toronto Largest city Toronto Lieutenant-Governor James K. Bartleman Premier Dalton McGuinty (Liberal) Parliamentary representation  - House seats  - Senate seats 106 24... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ...

A farm, near Kitchener.
A farm, near Kitchener.

Even though farms are rapidly reducing in Ontario, Ontario still possesses the highest amount of farms, out of all the provinces and territories, with about 59,728 farms. Alberta came second with 53,652 farms, and Newfoundland & Labrador had the fewest with 643 farms.[15] Ontario’s farms nationwide have declined slightly during the past two decades. In 1981, Ontario accounted for 26 percent of the national total. By 2001, it had declined to 24 percent.[15] Image File history File links Download high resolution version (1400x933, 185 KB) Photo of farm in the Kitchener area of Ontario, taken September 2002 by User:Stan Shebs File links The following pages link to this file: Distributism User:Stan Shebs/Gallery/Places ... Image File history File links Download high resolution version (1400x933, 185 KB) Photo of farm in the Kitchener area of Ontario, taken September 2002 by User:Stan Shebs File links The following pages link to this file: Distributism User:Stan Shebs/Gallery/Places ... Motto: Ex industria prosperitas (Latin: Prosperity through industry) Location of Kitchener in the Waterloo Region Coordinates: Country Canada Province Ontario  - Mayor Carl Zehr Area    - City km²  - Land 136. ... Motto: Fortis et liber (Latin: Strong and free) Official languages English (see below) Flower   Wild rose Tree Lodgepole Pine Bird Great Horned Owl Capital Edmonton Largest city Calgary Lieutenant-Governor Norman Kwong Premier Ed Stelmach (PC) Parliamentary representation  - House seats  - Senate seats 28 6 Area Total  - Land  - Water  (% of total... Motto: Quaerite Prime Regnum Dei (Seek ye first the kingdom of God) Other Canadian provinces and territories Capital St. ...


Although, the number of farms in Ontario is decreasing,[15] the size of farms are increasing.[16] The average Ontario farm size was 226 acres in 2001, up 9.7 percent from 1996. Since 1981, the average farm size has increased by 24.9 percent from 181 acres.[16]


Ontario’s total farm area has declined 2.7% since 1996 to 13,507,357 acres in 2001. However, cropland increased 3.2% to just over 9 million acres, the highest level since 1941. Eastern Ontario led the increase with a gain of 9.2% in cropland.[16] Eastern Ontario is the region of the Canadian province of Ontario which lies between the Ottawa and St. ...


Industry

Service

See also

References

  1. ^ Ontario is one of the wealthiest provinces of Canada, retaining the highest GDP, before the neighbouring French province of Quebec.. Statistics Canada. Retrieved on 2007-02-02.
  2. ^ Pie chart, showing percentage share of Canada's GDP by province and territories. Ontario.com. Retrieved on 2007-02-02.
  3. ^ List of Canadian provinces and territories by gross domestic product. Wikipedia, the free encyclopedia. Retrieved on 2007-02-02.
  4. ^ Ontario is highly influenced and ran by the service sector. Ontario.com. Retrieved on 2007-02-02.
  5. ^ Ontario is the most populous province of Canada, 39 percent of Canadians live in Ontario.. Statistics Canada. Retrieved on 2007-02-02.
  6. ^ List of Canadian provinces and territories by population. Wikipedia, the free encyclopedia. Retrieved on 2007-02-02.
  7. ^ a b Economic overview of Ontario. Ontario.com. Retrieved on 2007-02-02.
  8. ^ Labour force, and employment statistics of Canada and its provinces.. Statistics Canada. Retrieved on 2007-02-02.
  9. ^ Ontario's main exports by product. Ontario.com. Retrieved on 2007-02-02.
  10. ^ Top Five Ontario imports by commodity, 2005. Ontario.com. Retrieved on 2007-02-02.
  11. ^ Industrial History of Ontario. www.soto.on.ca. Retrieved on 2007-02-24.
  12. ^ Statistics Canada Homepage (English). Retrieved on 2007-02-08.
  13. ^ a b Farm population, by province (2001 Censuses of Agriculture and Population). Stastics Canada. Retrieved on 2007-02-08.
  14. ^ 2001 Census of Agriculture Homepage. 2001 Census of Agriculture. Retrieved on 2007-02-03.
  15. ^ a b c d e 2001 Census of Agriculture; Ontario; Introduction. 2001 Census of Agriculture. Retrieved on 2007-02-03.
  16. ^ a b c 2001 Census of Agriculture; Ontario; Farm Size. 2001 Census of Agriculture. Retrieved on 2007-02-03.

2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 2 is the 33rd day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 24 is the 55th day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 8 is the 39th day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 8 is the 39th day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 3 is the 34th day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 3 is the 34th day of the year in the Gregorian Calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini (common) era. ... February 3 is the 34th day of the year in the Gregorian Calendar. ...

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