Source Feed: The Globe and Mail
Author: Jeff Gray, Laura Stone
Publication Date: May 15, 2025 - 16:03
Ontario projects $14.6-billion deficit in budget as it wrestles with U.S. tariffs
May 15, 2025
The Ontario government is forecasting a deficit almost ten times larger than it predicted last fall for the coming fiscal year − at $14.6-billion − as the province wrestles with the impact of U.S. tariffs.In its budget introduced on Thursday, the province blew away its previous estimate of a $1.5-billion deficit for 2025-26 from last November, which was based on economic projections predating U.S. President Donald Trump‘s trade war.
Unpublished Newswire
Governor Tiff Macklem of the Bank of Canada was interviewed after the central bank held its overnight lending rate at 2.75 per cent for the second straight meeting.
June 7, 2025 - 08:42 | Globalnews Digital | Global News - Canada
The American ambassador to Canada is pushing back on Ottawa’s travel advice, saying his country doesn’t search phones at the border and arguing some Americans travelling here are having a tough time.“We welcome Canadians to come in and invest, to spend their hard-earned Canadian dollars at U.S. businesses,” U.S. Ambassador Pete Hoekstra told The Canadian Press in an interview Friday.
June 7, 2025 - 08:23 | Dylan Robertson | The Globe and Mail
Residents in the Capital region woke up Saturday to relatively fresh air conditions. Don’t get used to it, Environment Canada said in an early update. “There may be a brief improvement in air quality (Saturday) morning,” the forecast says. But “high levels of air pollution due to smoke from forest fires are expected to continue […]
June 7, 2025 - 08:19 | Norman Provencher | Ottawa Citizen
Comments
Be the first to comment