Ontario pushes balanced budget back another year as deficit climbs to $16.9B
3 sources·Updated October 29, 2026
Ontario budget deficit
Covered by 3 sources
- iPolitics CA·9h agoOntario pushes balanced budget back another year as deficit climbs to $16.9B
The Ford government is projecting a $16.9-billion deficit this year as U.S. tariffs, sluggish economic growth and global uncertainty continue to weigh on the province's finances.
Read at iPolitics CA → - National Post·10h agoScott Stinson: Ontario deficit to soar to $16.9B as Trump’s tariffs strangle growth
The planned deficit will rise to almost $17 billion this year and won't return to balance until 2029-30, as the province is battered by tariffs
Read at National Post → - CBC Canada·10h agoU.S. tariffs loom large over Ontario’s annual budget as first look shows $16.9B deficit
Ontario’s mini-budget projects a larger than expected deficit, partly due to tariff impacts, and extends the timeline to get the province’s finances back into the black.
Read at CBC Canada →
