I haven't been able to find any media reporting on the third quarter GDP numbers for Ontario (which is in and of itself strange), but this Ministry of Finance web page looks to be reporting 0.1% (non-annualized):
"Ontario’s real Gross Domestic Product (GDP) on an industry basis and at basic prices increased 0.1% in the third quarter of 2012, following gains of 0.6% in the second quarter and 0.6% in the first quarter. Output in the goods-producing sector declined by 0.9% while service sector output rose by 0.3% in the third quarter."
That's exactly in-line with the overall number for Canada at 0.1%. I remember that being 0.6% on an annualized basis, but that number for Ontario doesn't seem to be reported here. I would like it, mainly because it would give more information if Ontario was ahead of Canada or behind. With rounding, Ontario's growth could be anywhere 0.06% to 0.14%, which could have a big effect on the annualized number.
In any case, that's not a good number and the fourth quarter isn't looking good either. Considering that Ontario's population growth is 1.2% (or at least it was in 2011 who knows what the number is now) per year, that means that on a per capita basis, GDP declined in the third quarter (1.2% per year is about 0.3% per quarter). The fourth quarter numbers should be interesting, as should the first of 2013.
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