Ontario Finance Minister Peter Bethlenfalvy is set to table a fall fiscal update today, with a look at how the province's books are faring amid the impacts of U.S. tariffs.
The government projected earlier this year in its first quarter finances that the province would have a $14.6-billion deficit this year.
But Bethlenfalvy also said in a recent speech that Ontario has a "strong fiscal foundation," with lower costs of interest on debt giving the province more room to spend on infrastructure, tax relief and the skilled workforce.