
Ontario says its budget deficit for the fiscal year that ended in March was just $1.1-billion, much lower than the $6-billion it had projected earlier this year, as the province’s economy fared better than the government had expected – even with the added uncertainty brought on by U.S. tariffs.The final numbers in the province’s public accounts for 2024-25, released on Friday, show that the province’s revenue from taxes and other sources came in much higher than it had projected in its March 2024 budget, up by 8.6 per cent.
September 26, 2025 - 09:58 | Jeff Gray | The Globe and Mail
Montreal's Concordia University is celebrating what it's calling a landmark fundraising year, even as it faces an unprecedented financial crunch it blames on government policies.
September 26, 2025 - 09:17 | Globalnews Digital | Global News - Canada
Canada's GDP increased more than expected in July, according to Statistics Canada, and after the second quarter of the year fell 1.6 per cent compared with a year ago.
September 26, 2025 - 09:08 | Ari Rabinovitch | Global News - Canada
The AL East division title will be determined this weekend by how the Toronto Blue Jays and New York Yankees handle a pair of also-rans.
September 26, 2025 - 09:07 | Globalnews Digital | Global News - Ottawa
The president of Ontario’s Treasury Board, Caroline Mulroney, is responsible for making sure all of the province’s agencies, boards and commissions are well run. Effective immediately, Mulroney has decreed: All 143 government agencies are subject to a hiring freeze.
In 2018, Premier Doug Ford’s newly elected government mandated a hiring freeze for the public service — a freeze that remains in place to this day. Mulroney’s decision means these measures apply, as well, to provincial agencies, boards and commissions.
“We instituted the hiring freeze across the Ontario public service in...
September 26, 2025 - 09:04 | Donna Kennedy-Glans | National Post
The tiny northern Ontario community of Fauquier-Strickland says it's in a financial crisis with a $2.5-million operating deficit, sending shock waves through the community.
September 26, 2025 - 09:01 | Globalnews Digital | Global News - Canada