In economics, some of the uncertainty regarding the future comes from the fact that when preparing the forecast, we don’t always exactly know the current state of the economy or, as I will soon show, even the state of the economy in the past.
The prospects for many service industries, including those with high value added such as financial and business services, remain very positive, and these should continue to support the Ontario economy for some time to come. But no matter which sector we are talking about, we should also remember that the importance of improving efficiency is paramount.