Source-linked briefing Business

Ontario Lifts Deficit Forecast to $16.9B, Citing U.S. Tariffs and Oil Prices

Ontario Lifts Deficit Forecast to $16.9B, Citing U.S. Tariffs and Oil Prices

Ontario now expects a $16.9‑billion deficit for 2026–27, according to the Finance Minister. The province attributes the wider shortfall to U.S. tariffs and higher oil prices while pledging to support the economy.

Original headline

Ontario projects bigger deficit, cites U.S. tariffs and higher oil prices