Ontario Premier Doug Ford and Finance Minister Peter Bethlenfalvy presented the 2025 provincial budget, highlighting a $14.6 billion deficit amid a slowing economy. Real GDP growth is anticipated to fall to 0.8% due to ongoing tariff battles. The budget also allocates significant funds to revitalize the alcohol sector, positioning it as a focal point for recovery. Housing starts are expected to further decline as the government attributes this trend to economic uncertainty. Additionally, there are initiatives to enhance traffic camera placements for improved safety through legislative amendments.
The Ontario budget features a $14.6 billion deficit, driven by economic uncertainty and a projected Real GDP slowdown to 0.8% in 2025 amidst tariff battles.
The Ford government allocates hundreds of millions to boost the alcohol sector, showcasing a strategic focus on enhancing sectoral resilience in a slowing economy.
Collection
[
|
...
]