Ontario, Hit by US Tariffs, Cuts Deficit Forecast and Pledges Support for Businesses
Ontario, whose manufacturing-linked economy has been badly hurt by trade uncertainty, forecast a slightly narrower fiscal deficit than previously expected and said it would increase support for first-time home buyers, a fiscal update showed on Thursday.
Canada's most populous province projected a deficit of C$13.5 billion ($9.63 billion) for the 2025-26 fiscal year that began in April. That's down from a C$14.6 billion deficit forecast in a May budget, helped by higher tax revenue, but far wider than the 2024-25 deficit of C$1.1 billion...
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