Ontario to provide financial update amid tariff impacts
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – Ontario Finance Minister Peter Bethlenfalvy is set to table a fall fiscal update today, with a look at how the province’s books are faring amid the impacts of U.S. tariffs.
The government projected earlier this year in its first quarter finances that the province would have a $14.6-billion deficit this year.
But Bethlenfalvy also said in a recent speech that Ontario has a “strong fiscal foundation,” with lower costs of interest on debt giving the province more room to spend on infrastructure, tax relief and the skilled workforce.
Bethlenfalvy says the fall economic statement will have an update on what Ontario has been doing to shore up the province’s economy in the face of tariffs, including multi-billion-dollar funds to give businesses supports and tax deferrals.
Bethlenfalvy has already made a few pre-fall economic statement announcements, including an HST rebate for some first-time homebuyers and $1.1 billion for home care.
As well, changes to election rules including scrapping fixed election dates and raising the political donation limit to $5,000 are set to be in the economic statement bill.
This report by The Canadian Press was first published Nov. 6, 2025.