A report by the Financial Accountability Office of Ontario predicts that U.S. tariffs and Canada's response could lead to substantial job losses in the province, with an estimated 68,100 fewer jobs in 2023 alone. This number could rise to 119,200 jobs by 2026 and 137,900 jobs by 2029. The manufacturing sector will bear the brunt of these losses, specifically in primary metals, motor vehicle parts, and machinery. Windsor is particularly vulnerable, with a potential decrease in employment rates, influencing both local economy and consumer prices.
U.S. tariffs and Canada's response could result in 68,100 fewer jobs in Ontario this year, with potential increases in job losses over the next decade.
The report indicates that the majority of job losses will target the manufacturing sector and related industries, with primary metal industries experiencing the highest impact.
Windsor is projected to be the most affected area, with employment set to decrease by 1.6 per cent by 2026, significantly magnifying the local economic challenges.
The anticipated impact of the tariffs includes a potential increase in Ontario's unemployment rate by 1.1 percent from 2025 to 2029, according to the Financial Accountability Office.
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