Ontario deficit rising by $5 billion; new major GTA highways and 'staycation' tax credit pledged
CTV
The Ford government is ramping up spending ahead of the June 2022 general election, with the deficit actually projected to rise by $5 billion this year, with spending planned for health-care, two new GTA highways and a tax credit for people to vacation in Ontario.
But if you were hoping for any cut to the high cost of gasoline in the province, something Premier Doug Ford suggested he might do when asked earlier this week, you’ll have to keep waiting.
The Fall Economic Statement tabled on Wednesday includes a 2021-2022 deficit of $21.5 billion, up $5.1 billion from the end of the 2020-2021 fiscal year.
The 2021-22 deficit figure is more than $11 billion below what was projected in the 2021 budget.
Wednesday's statement also projects deficits of $19.6 billion in 2022-23 and $12.9 billion in 2023-24.
A black bear has died following a brawl with a man on a trail in Maple Ridge.
Taykwa Tagamou Nation, a Cree First Nation located within Treaty 9, has filed a statement of claim against the Province of Ontario and Newmont, a mining company that owns properties in Timmins.
Two people have been airlifted to hospital following a serious collision in Norfolk County.
A crowd of over 20 people stood in the pouring rain Saturday in front of the RCMP detachment in Hampton, N.B., to bring awareness to a missing person’s case.
Canada's top general firmly rejected the notion of dropping women from combat roles — a position promoted by president-elect Donald Trump's nominee for defense secretary — at a security forum underway in Halifax today.
From globally-inspired pastries to vegan fast food and Connor McDavid-themed culinary delights, Edmonton has a lot to offer anyone looking to try something trendy.
A snowfall warning for Calgary remained in effect early Saturday morning and looks poised to be hanging around all weekend.
Federal cabinet ministers condemned an anti-NATO protest in Montreal that turned violent on Friday, saying 'hatred and antisemitism' were on display.
The Montreal Victoire ended its preparatory mini-tournament as host team on a positive note with a 6-3 win over the Ottawa Charge on Friday afternoon at the Espace Denis-Savard rink in the Verdun Auditorium.
Annie Gallant, a 10-year-old from Nova Scotia, brought home a special gift from her first concert.
A Toronto family is speaking out after their 10-year-old daughter's Crocs got stuck in an escalator, ripping the entire toe area of the clog off.