Ryan Patrick Jones ·

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Ontario deficit will triple as economy weakens, 2024 budget shows

Ontario deficit will triple as economy weakens, 2024 budget shows

High interest rates are expected to take a toll on Ontario's economy this year, the province said in its 2024 budget, which includes projections of weak economic growth and a ballooning deficit. Finance Minister Peter Bethlenfalvy tabled the government's $214-billion budget at Queen's Park Tuesday, saying it is investing in housing, roads and public services during a time of uncertainty...