
Canada • Provincial News
Ontario's Deficit Rises to $16.9 Billion as Tariffs Hit Economy and Delay Balanced Budget
Ontario’s 2026 Fall Economic Statement projects a $16.9 billion deficit despite $2 billion in additional revenue. Slower growth, trade uncertainty, contingency funding and major interest costs are widening the fiscal gap. The province is betting on business tax relief, tariff support and investment to strengthen the economy while aiming for a narrow surplus in 2029–30.








