Ontario Narrows Deficit Forecast, Boosts Support for Businesses Amid U.S. Tariff Pressures
Ontario, whose manufacturing-driven economy has been hit hard by new U.S. tariffs, has projected a smaller-than-expected fiscal deficit and announced new measures to support businesses and home buyers, according to its latest fiscal update released Thursday. The province now expects a deficit of C$13.5 billion ($9.63 billion) for fiscal 2025–26, an improvement from the C$14.6…


