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Ontario budget to favour spending over balance amid tariff impacts

Published May 15, 2025 at 9:57am

The Canadian Press
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The Canadian Press
Ontario budget to favour spending over balance amid tariff impacts

Peter Bethlenfalvy is sworn in as the Minister of Finance during a cabinet swearing-in ceremony in Toronto on Wednesday, March 19, 2025. THE CANADIAN PRESS/Nathan Denette

Ontario Premier Doug Ford is signalling that his government's budget will favour spending over balanced books, as a way to keep the economy afloat in light of U.S. President Donald Trump's tariffs.

Finance Minister Peter Bethlenfalvy is set to table the 2025-26 budget later today.

Ford has said the province can always balance the budget in a year or two, but for now he wants to spend on infrastructure and programs to keep people employed or get them retrained.

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