Snapshot: May 2022 Quarterly Economic Commentary with CIBC

With the support of our Builder Member financial institutions, the OG100 Quarterly Economic Commentary takes an in-depth look at recent economic conditions with a lens specific to helping Ontario’s mid-sized companies make better-informed business decisions.

May 2022 with Builder Member CIBC

Author: Andrew Grantham, Executive Director and Senior Economist | Economics | Capital Markets


Like most areas of the country, the Ontario economy has enjoyed a much faster recovery from 2020’s pandemic-driven downturn than it has from previous, more traditional, recessions. However, the recovery hasn’t been quite as quick as some other parts of the country, most notably BC and Quebec. Can Canada’s largest provincial economy close the gap, or has the pandemic seen a lasting shift in the economic landscape?

That’s going to come down to the balance in a tug of war between positives and negatives. There are indeed some positives for Ontario that are not shared across all other provinces, but the local economy is also more suspectable to some of the biggest risks we face today, namely high inflation and rising interest rates.

This quarterly report is part of our member-exclusive content offerings. For more information, please contact a member of the OG100 team.

Watch for the next edition in Q3 2022 with Builder Member RBC