Ontario Economy

• Ontario predicts grim economic outlook with rising unemployment and lower job creation

  Finance Minister Peter Bethlenfalvy will unveil the fiscal update in the legislature around 1 p.m., parts of which have already been published.

  Politics

  Nov 6, 2025
  
• Finance minister claims Ontario has ‘operating balance’ as debt balloons

  Since taking office in 2018, Doug Ford has increased Ontario's debt to $470 billion — a number that's projected to rise to $501.7 billion by 2027.

  Politics

  Sep 29, 2025
  
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• Ontario to include expanded manufacturing tax credit in upcoming budget

  Ontario Finance Minister Peter Bethlenfalvy has offered a first glimpse at his upcoming budget, announcing an expanded Ontario manufacturing tax credit.

  Canada

  May 5, 2025
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• Ontario could be sent into ‘modest’ recession by U.S. tariffs

  A new report released Wednesday examined the impacts of steel, aluminum and auto tariffs levied by U.S. President Donald Trump on Canadian exports.

  Politics

  Apr 30, 2025
• Ontario’s unemployment rate jumps to 7% even as ‘moderate’ job creation continues

  A new report from the Financial Accountability Officer of Ontario found that new jobs were created in 2024, although the rate of growth slowed from previous, record-breaking years.

  Economy

  Apr 24, 2025
• Ontario government set to match federal 2-month tax ‘holiday’ on some items

  Last week, the Trudeau government announced a series of new affordability measures over the holiday period, including a two-month 'GST holiday' on some items beginning on Dec. 14.

  Economy

  Nov 27, 2024
• Revenues are up in Ontario, but ‘challenging’ economic conditions continue for many

  Ontario is set to unveil its fall economic statement on Wednesday, with details of the cost of alcohol liberalization and $200 rebate cheques for almost everyone in the province.

  Economy

  Oct 30, 2024
• Ontario to table next major economic update, including details of booze costs

  The minister of finance will unveil his fall economic statement at the end of October, charting Ontario's economic course for the next six months at least.

  Politics

  Oct 16, 2024
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• Ontario ends 2023-24 with nearly balanced budget, partly due to international tuition

  A final tally of the spending and revenues for the last fiscal year and it showed Ontario ended the 2023-24 year just $600 million in the red.

  Canada

  Sep 19, 2024
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• Jobs or housing? How Ontario’s 2 key priorities could collide

  A recent shift from the province suggests two goals — jobs and housing — may be in conflict as the Ford government weighs scrapping rules it introduced to protect employment lands.

  Economy

  Nov 9, 2023