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Ontario's Fiscal Update: No Job Cuts, Housing Relief

Published 1 week, 1 day ago
Description

Ontarios finance minister, Peter Bethlenfalvy, assures residents of tougher economic times but no public sector job cuts. The province aims to balance the books by delivering programs more efficiently, focusing on front-line workers. The current deficit stands at $13.4 billion, with the goal of balancing the books pushed to 2027-2028. To boost the housing market, the government introduced an expanded HST rebate, expecting 8,000 extra housing starts next year.

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