Incomes in Ontario Slowest Growing Nationwide Since 2002

Ontario has had the slowest average income growth in Canada for the past 20 years, according to a new study. Average incomes in Ontario not only grew at the slowest rate in Canada from 2002 to 2022, it came in more than 10 percent behind the second worst performing province, Alberta, said the Fraser Institute study published May 9. Ontario’s median income grew only 7.2 percent over the two-decade period, well behind Alberta’s 17.4 percent. On the other end of the spectrum, Newfoundland posted total growth of 52.2 percent. Prince Edward Island’s average income growth came in at 41.3 percent followed by Saskatchewan at 36.2 percent, New Brunswick at 33.7 percent, B.C. at 30.3 percent, Quebec at 25.2 percent, Nova Scotia at 22.9 percent, and Manitoba at 19.2 percent....