The economy grew faster than forecast in July, boosted by oil prices and a surge in demand for gas and electricity.
Ontario’s economic outlook is now positive, according to the provincial budget office, with job creation forecast to rise to 4,200 by the end of 2020.
The province’s unemployment rate fell from 6.3 per cent in June to 5.1 per cent the month after, according the budget office.
The province’s jobless rate is expected to rise another 0.4 per cent this year, and it’s forecast to climb to 6.2 per cent by 2020.
Ontario’s economic performance has been boosted by a strong economy and a strong job market.
The jobless number is now higher than the province’s pre-recession peak.