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Ford government deepens deficit and emphasizes saving money, Colin D'Mello notes

Ford government deepens deficit and emphasizes saving money, Colin D'Mello notes
Ford deficit rises as savings highlighted

The Ford government is running a deeper deficit this year while its latest economic update highlights efforts to save money in various ways.

Colin D'Mello reported that the update mentions reducing head counts, finding efficiencies, and guarding against threats as part of the province's approach to cost savings.

Earlier this year, Ontario's Finance Minister confirmed that the $4 billion Protect Ontario investment account is currently paused but not shelved, according to a report by Colin D'Mello. The account had been intended as a reserve for future fiscal challenges. The province’s approach remains focused on balancing cost savings with financial preparedness.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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