Tag Archives: Ontario economy

When Ontario Premier Doug Ford took over the reins of the provincial government in 2018, he was determined to expedite a central campaign promise: make government more efficient by shaving four cents of every dollar spent by Queen’s Park. Instead, the Progressive Conservative government’s first budget, delivered by then-finance minister …

The Financial Accountability Office of Ontario says the province’s economic growth is expected to slow sharply this year with a modest recovery beginning next year. The FAO’s economic and budget outlook report projects a deficit of $2.5 billion in 2022-2023, but says that will improve to billion-dollar surpluses through the …

Ontario’s tourism industry is not expected to fully recover from the pandemic until 2025, the Ontario Chamber of Commerce and the industry say in a joint report, with recommendations including tax incentives, cannabis tourism and affordable housing to support staff recruitment. Tourism businesses in the province are generating 64 per …