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Ontario exports to rise

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A new forecast by Export Development Canada predicts that Ontario will see broad-based gains in exports this year and next, thanks to a favourable exchange rate and rising demand caused by a strong recovery in the U.S. economy. The Crown corporation says it expects to see Ontario exports grow by 11 per cent this year, led by double-digit growth in the automotive and manufacturing sectors.

The EDC predicts similar conditions will prevail in 2016, resulting in a further six per cent increase in exports.

Motor vehicles and parts make up more than a third of Ontario’s exports and the EDC says they will rise 13 per cent this year and a further four per cent in 2016.