Ontario resilient enough to weather possible recession, finance minister says

📆 16.02.2023 00:16:00
📰 CTVToronto

⏱ Reading Time:
29 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 84%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

Ontario's finance minister says the province's economy is resilient enough to withstand a possible recession.

Peter Bethlenfalvy says the fiscal situation has improved by billions of dollars, although still running at a deficit.

The province is reporting a $6.5 billion deficit for the 2022-23 fiscal year, an improvement of $6.4 billion from its fall economic statement. Bethlenfalvy says the improvement is due to higher corporate tax revenue and increased revenue from sales taxes. He says after unprecedented investments during the pandemic, it's now time for the province to show restraint.

Bethlenfalvy says the province, like the rest of the world, continues to face pressures from high inflation, increased interest rates, geopolitical issues and supply chain disruptions.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Schreibe Kommentar

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Ontario company helps develop weed vending machine to be used in ColoradoA new type of vending machine is making waves in Colorado and it has ties to a Canadian company — via TheGrowthOp
Herkunft: VancouverSun - 🏆 49. / 61 Weiterlesen »