{"id":950779,"date":"2026-10-29T15:32:21","date_gmt":"2026-10-29T15:32:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/950779\/"},"modified":"2026-10-29T15:32:21","modified_gmt":"2026-10-29T15:32:21","slug":"ontario-finance-minister-to-table-fall-economic-update","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/950779\/","title":{"rendered":"Ontario finance minister to table fall economic update"},"content":{"rendered":"

\n\t\t\t\tBy Allison Jones<\/p>\n

\t\t\t\t\t\t\t\t\t\tThe Canadian Press\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t\tPosted October 29, 2026 7:56 am\n\t\t\t\t\t\t\t\t\t<\/p>\n

\n\t\t\t\t1 min read\n\t\t\t<\/p>\n

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Ontario Finance Minister Peter Bethlenfalvy is set to provide an update on the province\u2019s finances Thursday by tabling his government\u2019s fall economic statement.<\/p>\n

\"\"<\/p>\n

In a recent speech, Bethlenfalvy said Ontario has weathered the impact of tariffs better than economists had predicted, but the slower economy has affected the deficit.<\/p>\n

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He says deficits are not desirable in the long term, but are necessary in the current environment.<\/p>\n

Ontario closed out the 2025-26 fiscal year with a $13-billion deficit, and Bethlenfalvy says that this year\u2019s is projected to be higher, which would be in line with the spring budget forecast of $13.8 billion.<\/p>\n

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He said Wednesday in a pre-economic statement announcement that Ontario is matching the federal government\u2019s recent move to give businesses a tax break on capital investments.<\/p>\n

Premier Doug Ford also recently announced more than $8 billion in joint funding to protect tariff-hit industries, including provincial funding of $1.67 billion for a steel action fund and $1 billion for the automotive industry.<\/p>\n

\n\t\t&copy 2026 The Canadian Press\t<\/p>\n","protected":false},"excerpt":{"rendered":"By Allison Jones The Canadian Press Posted October 29, 2026 7:56 am 1 min read Descrease article font…\n","protected":false},"author":2,"featured_media":950780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46,122686,13404,714],"class_list":["post-950779","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy","tag-ontario-economy","tag-ontario-politics","tag-politics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/950779","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=950779"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/950779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/950780"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=950779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=950779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=950779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}