Ford pledges Ontario budget with infrastructure spending, not cuts, to battle U.S. tariffs
- Ontario Premier Doug Ford and Finance Minister Peter Bethlenfalvy will table the provincial budget Thursday afternoon in the Ontario legislature amid economic uncertainty due to U.S. Tariffs.
- The budget addresses economic challenges caused by President Trump's tariffs, prompting a shift from previous plans to balance books toward stimulating growth through infrastructure spending.
- Key measures include a $1.3 billion manufacturing tax credit over three years, $300 million for primary care expansion, permanent gas tax cuts, toll removal on Highway 407, and efforts to dismantle interprovincial trade barriers.
- Ford emphasized, "In tougher times, you keep building," adding, "We can always balance in a year or two," while opposition leaders called the budget a test on choosing tariff-proof growth over vanity projects.
- The budget aims to protect jobs and businesses hit by tariffs, boost provincial self-sufficiency, and prioritize infrastructure investments rather than cuts, reflecting a strategic response to ongoing trade and economic challenges.
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Ontario deficit grows $10B as province tables $232.5B budget aimed at protecting economy from tariffs
Ontario’s deficit is expected to balloon by another $10 billion in 2025-26 as the Ford government spends billions of dollars on programs to support workers and stimulate the economy in the face of U.S. tariff threats.
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