Comment by mgh95
13 days ago
> Ontario alone has a larger GDP than 45 of the 50 US states, and a bigger GDP than New Hampshire, Hawaii, West Virginia, Delaware, Maine, Rhode Island, Montana, North Dakota, South Dakota, Alaska, Wyoming and Vermont put together.
This is not correct as of 2024. In 2024, Ontario had a GDP of CAD 1.17B. [1] In USD, this is (at .73 exchange rate, which is favorable for these calculations) this comes to US 854B.
In 2024, the following US states had greater GDPs [2]: California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Georgia, and tied with Washington. GDP growth in 2025 was worse for Ontario than these states, and it would be expected Ontarios' position to continue to decline.
[1] https://en.wikipedia.org/wiki/Ontario
[2] https://www.statista.com/statistics/248023/us-gross-domestic...
The dollar losing its value probably makes it correct again now since early 2025.
The dollar strengthened against the CAD in 2025 compared to the figures I used. It really only weakened against the EUR and RMB.
January 1st 2025: $1 USD = $1.44 CAD
January 28th 2026: $1 USD = $1.36 CAD
Seems like the USD weakened against the CAD too no?
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