U.S.-Canada trade tensions led to a steep drop in Canadians heading south last month – a trend that, if it continues, could help boost the London region’s tourism sector, an industry watcher says. Some 1.5 million Canadians made return trips to the U.S. by car in March, a 31.9 per cent drop from the same […]
The London region’s unemployment rate improved in March as the local economy added 2,200 new jobs, a strong showing that doesn’t yet reflect the impact of the trade war between Canada and the U.S. The region’s jobless rate now sits at 5.9 per cent, down from February’s 6.6 per cent, Statistics Canada reported Friday. Including […]
Tariffs landed with a thud in Ontario’s industrial heartland Thursday, shuttering one major automaker and spreading uncertainty among smaller automotive parts suppliers across the London. The U.S. held to its pledge to punish manufacturers shipping goods south of the border, charging a 25 per cent tariff on automobiles, tariffs on some automotive parts in addition […]
Barriers to trading goods between provinces could be costing the wider London area as much as $1.4 billion in lost production a year, a national economist says.
Southwestern Ontario may be Ground Zero for the impact U.S. tariffs would have on the provincial economy, national economists warned.
Industry watchers appear divided over the potential impact on London’s housing market of possible tariffs on Canadian exports to the U.S., especially if they lead to Volkswagen pulling the plug on its St. Thomas battery plant. Read More
London’s economy will rank among the best in Canada in a sluggish 2024 and will likely shoot up even higher after that, bolstered in large part by the construction sector and Volkswagen’s upcoming battery plant, a major think-tank forecasts. Read More