Ontario Forecasts Wider Deficit, Delays Return to Budget Balance
Ontario’s fiscal update forecasts a wider deficit than previously expected and a later return to balance, alongside tax relief for businesses and support for sectors hit by US tariffs.
By Fergal SmithOntario is forecasting a wider budget deficit than previously expected and a delayed return to balance as it provides tax relief for businesses and support for sectors hit hard by US tariffs, a fiscal update showed on Thursday.