Ontario's financial watchdog is projecting that the government won't balance the budget by 2027-28, though the finance minister's office insists it will.
The financial accountability officer says in a report today that Ontario likely won't come to balance until at least 2030.
Jeffrey Novak says real GDP growth in the province is projected to slow to 0.9 per cent this year and one per cent next year, as U.S. tariffs "reduce demand for Ontario’s exports, and businesses cut back on investment and hiring."