Ontario resilient enough to weather possible recession, finance minister says

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Then there is essentially no recession. It can’t be called. But suits can’t turn away from tv

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: VancouverSun - 🏆 49. / 61 Read more »

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
Source: OttawaCitizen - 🏆 21. / 68 Read more »

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
Source: calgaryherald - 🏆 64. / 52 Read more »

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
Source: calgarysun - 🏆 63. / 52 Read more »

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
Source: nationalpost - 🏆 10. / 80 Read more »