Ontario Finance Minister Peter Bethlenfalvy will table the province’s Fall Economic Statement (FES) on Nov. 6, presenting what he’s described as a plan to keep Ontario’s economy “competitive and protect jobs.”
But while the government is expected to tout stronger-than-expected fiscal results from last year, economists warn the province’s financial outlook is entering a tougher stretch.
The upcoming fiscal update (effectively a mini-budget) will provide fresh projections on growth, spending, and deficit levels, offering clues about how the Ford government plans to steer Ontario through a slowing economy and rising fiscal pressure.