Interest rate increases still ‘weigh’ on Ontario’s fiscal outlook, targeted approach continues: Bethlenfalvy

While inflationary pressures have begun to ease, Ontario’s Finance Minister Peter Bethlenfalvy said Monday that the Bank of Canada’s interest rate increases continue to “weigh” on the province’s economic outlook. He added that the government will continue its targeted approach to driving growth.

• Ontario government adds $766M in new program spending using contingency funds