I'm being told by arrogant Albertans that we get to complain about equalization now.
Ontario regaining status as economic engine for Canada
After years of lagging behind the oil-producing provinces, Ontario's economy is surging.
Don't believe it? There's plenty of evidence.
Canada's big banks are forecasting that Ontario will lead the country in economic growth this year or be within a hair of the top of the pack. Unemployment sits at its lowest in 16 years. And that economic success is being felt across a range of sectors, including manufacturing, real estate, finance and technology.
Corporate profits in Ontario are up significantly. You can tell by the province's corporate tax revenue, which jumped a whopping 16.8 per cent last year, and 19.6 per cent in 2015.
Ontario businesses surveyed by the Bank of Canada say sales are up and they're looking to invest in new equipment and hire additional staff.
The boom is centred on the Greater Toronto Area, forecast this week by the Conference Board of Canada to lead the country's metropolitan areas in 2017 with a 2.6 per cent increase in the gross domestic product. Other parts of the province are doing well too, particularly Windsor, the Ottawa region, and the Kitchener-Cambridge-Guelph triangle.
"Through 2019, Ontario households will reap the benefits of a robust business sector," the conference board's latest report says. "With the labour market looking good, healthy consumer spending across all spending categories is expected over the near term."
RBC senior economist Robert Hogue described this province as having "quite a vibrant" economy.
"The Ontario economy has been, I think, quite impressive at adapting, at adjusting, and at continuing to generate jobs," Hogue said in an interview with CBC Toronto last week.
"The Ontario economy has been quite strong over the last couple of years," said Dina Ignjatovic of TD Economics in another interview. "We expect to see another very strong year in 2017."
It's guaranteed the Wynne government will point to these trends on Tuesday when it announces its plans to protect vulnerable workers and hike the minimum wage to $15 an hour (as revealed by CBC News this month).
Ontario regaining status as economic engine for Canada - Toronto - CBC News