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Ontario projects $16.9B deficit as tariffs push balanced budget to 2029–30

Ontario's fall economic statement forecasts a 2026–27 deficit of $16.9 billion, pushes the return to a balanced budget back to 2029–30 and sets out tariff relief and a $210 billion infrastructure plan.

Ontario Fall Economic Statement 2026
Ontario projects $16.9B deficit as tariffs push balanced budget to 2029–30
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Ontario's fall economic statement forecasts a 2026–27 deficit of $16.9 billion, pushes the return to a balanced budget back to 2029–30 and sets out tariff relief and a $210 billion infrastructure plan.