‘Ontario is in a recession’: Ontario now projecting $38.5-billion deficit in 2020-21
Aug 12 2020 — Laura Stone — Globe and Mail — The Ontario government’s deficit will balloon to $38.5-billion in 2021, almost double the size predicted in March, as Finance Minister Rod Phillips declared the province is in a recession as a result of the COVID-19 pandemic. The Progressive Conservative government released its first quarter financial report on Wednesday, which revealed it will now spend $30-billion […]