US EditionOntario to table budget on May 15 amid ongoing impacts from tariffs
- Ontario Finance Minister Peter Bethlenfalvy will table the province's 2025-26 budget on May 15 amid concerns over tariff impacts on the economy.
- The budget follows a winter provincial election on February 27 and responds to U.S. tariffs on steel, aluminum, and autos that threaten economic growth and jobs.
- The budget will outline the government’s spending plans, including previously announced $11 billion in stimulus funding and $9 billion in business tax deferrals to support workers and industries.
- Ontario’s Financial Accountability Office estimates tariffs could reduce real GDP growth from 1.7% to 0.6% and cause 68,100 job losses in 2025, indicating a modest recession ahead.
- The budget aims to stimulate the economy, protect jobs, and pursue free trade across Canada while acknowledging further measures may be necessary to address tariff-related challenges.
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Ontario government to table budget on May 15 amid impacts of U.S. tariffs
TORONTO — Ontario is set to table its 2025-26 budget on May 15, with the impact of U.S. President Donald Trump’s tariffs likely to take centre stage. Finance Minister Peter Bethlenfalvy announced the date on Thursday, saying it will be a plan that helps Ontario build more, build faster and achieve free trade across Canada. […]
·Toronto, Canada
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