{"id":230137,"date":"2025-10-21T20:16:11","date_gmt":"2025-10-21T20:16:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/230137\/"},"modified":"2025-10-21T20:16:11","modified_gmt":"2025-10-21T20:16:11","slug":"ontario-to-table-fall-economic-update-on-nov-6","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/230137\/","title":{"rendered":"Ontario to table fall economic update on Nov. 6"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Ontario Finance Minister Peter Bethlenfalvy speaks during Question Period on Monday.Laura Proctor\/The Canadian Press<\/p>\n

Ontario\u2019s finance minister is set to table the province\u2019s fall economic statement on Nov. 6.<\/p>\n

Finance Minister Peter Bethlenfalvy says the fiscal update will be a plan to make the province\u2019s economy competitive and protect jobs.<\/p>\n

The economic statement serves as a mini budget and often contains funding and updates on economic growth.<\/p>\n

In another recent financial update, the 2025-26 first quarter finances, the government projected a $14.6-billion deficit this year.<\/p>\n

A report last month by Ontario\u2019s financial accountability officer projected that real GDP growth in the province will be 0.9 per cent this year and one per cent next year, as U.S. tariffs \u201creduce demand for Ontario\u2019s exports, and businesses cut back on investment and hiring.\u201d<\/p>\n

Based on that economic outlook and the government\u2019s current policies and plans, Jeffrey Novak projects the province won\u2019t balance the books, but Bethlenfalvy\u2019s office has said the province still plans to eliminate the deficit in 2027-28.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Ontario Finance Minister Peter Bethlenfalvy speaks during Question Period on Monday.Laura Proctor\/The Canadian…\n","protected":false},"author":2,"featured_media":230138,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-230137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/230137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=230137"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/230137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/230138"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=230137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=230137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=230137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}