The Aporia
Jones, A. (2026, October 29). Ontario finance minister to table fall economic update. Toronto Star. https://www.thestar.com/news/ontario/ontario-finance-minister-to-table-fall-economic-update/article_8a9f77fd-ad5f-588a-b5a3-af255023f481.html
Jones, Allison. “Ontario finance minister to table fall economic update.” Toronto Star, 29 Oct. 2026, https://www.thestar.com/news/ontario/ontario-finance-minister-to-table-fall-economic-update/article_8a9f77fd-ad5f-588a-b5a3-af255023f481.html.
Jones, Allison. “Ontario finance minister to table fall economic update.” Toronto Star, October 29, 2026. https://www.thestar.com/news/ontario/ontario-finance-minister-to-table-fall-economic-update/article_8a9f77fd-ad5f-588a-b5a3-af255023f481.html.
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Ontario Finance Minister Peter Bethlenfalvy will table his government's fall economic update on Thursday, addressing the province's financial situation amid ongoing trade tensions with the United States. The minister has warned that Ontario is projected to have a higher deficit this year compared to last year’s $13-billion shortfall, which closed out the 2025-26 fiscal period. Despite better-than-expected resilience against American tariffs, Bethlenfalvy acknowledges that economic slowdowns are impacting the budget. He has previously stated that Ontario aims for a balanced budget by 2028-29 but will continue to run deficits in the near term due to current circumstances. Premier Doug Ford recently announced over $8 billion in joint funding to support industries hit by tariffs, including provincial contributions of $1.67 billion for steel and $1 billion for automotive sectors.