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Ontario to Provide Financial Update Amid Tariff Impacts
Ontario's deficit shrank to $1.1 billion last year, with improved debt-to-GDP ratio and focus on infrastructure and job protection from U.S. tariffs, Finance Minister says.
- Nov. 5, 2025 — Ontario Finance Minister Peter Bethlenfalvy said the federal budget falls short on infrastructure funding and protecting jobs from U.S. tariffs.
- The province reported last year that it ended with a deficit of $1.1 billion, far smaller than the $9.8 billion projection, and Bethlenfalvy highlighted a debt-to-GDP ratio at its lowest in a decade.
- He announced pre-fall measures that included an HST rebate for some first-time homebuyers, $1.1 billion for home care, and over $12M in infrastructure funding to Peterborough city and county.
- The fall economic statement is set to be tabled Thursday, with the 2025-26 first quarter finances projecting a $14.6-billion deficit, highlighting near-term fiscal pressures.
- The article notes options for reader engagement and invites readers to sign up for breaking news alerts, with the story filed by Allison Jones, The Canadian Press.
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20 Articles
20 Articles
Winnipeg Free Press+2 Reposted by 2 other sources
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Prince George Citizen+8 Reposted by 8 other sources
Ontario fiscal update may focus on infrastructure, jobs
TORONTO — Ontario Finance Minister Peter Bethlenfalvy is highlighting infrastructure spending and protecting jobs from the impacts of U.S. tariffs as two areas in which the federal budget falls short.
·Prince George, Canada
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Coverage Details
Total News Sources20
Leaning Left12Leaning Right0Center2Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
Factuality
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