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Ontario deficit grows to $16.9 billion as trade war with U.S. drags on (www.cp24.com)
submitted 1 week ago by to c/ontario@lemmy.ca
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Ontario’s deficit has grown by more than $3 billion in the past few months as the province continues to face economic headwinds blowing up from the U.S.

In an economic update delivered on Thursday, the Ford government said the deficit for 2026-27 is now projected to be $16.9 billion, up from the $13.8 billion that was projected in the budget tabled back in March.

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[–] 3 points 1 week ago (2 children)

No wonder he's pissed about increased interest rates.

From the archive: Shortly after taking office in 2018, Premier Doug Ford accused former Liberal Premier Kathleen Wynne of a "coverup" regarding the province's finances, claiming the actual deficit was $15 billion rather than the $6.7 billion projected in the outgoing Liberal government's final budget.

Now $17B and he's got no one to blame. He so fucked HydroOne Ontario is buying electricity from the US this winter.

But his priority is bike lanes.

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  • [–] 1 point 1 week ago (1 child)

    Deep down, he's just like his core base.

    He has always been a bully and rumour has it he used to be a drug dealer. His brother was an actual crackhead too.

    Bike lanes represent the urban left-wing in his mind. He's unleashing his wrath on his "enemies" just like Donald.

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