Ontario raises deficit forecast, plans infrastructure bank launch ...Middle East

[1/2]Ontario Premier Doug Ford speaks to media as Provincial and Territorial premiers gather to discuss healthcare in Ottawa, Ontario, Canada, February 7, 2023. REUTERS/Blair Gable/File Photo Acquire Licensing Rights TORONTO, Nov 2 (Reuters) – Ontario on Thursday projected a wider budget deficit for the current fiscal year than previously expected and said it would launch an infrastructure bank to fund projects in Canada’s most populous province, a fiscal update showed. The province, one of the world’s biggest sub-sovereign borrowers, said it expected a budget deficit of C$5.6 billion ($4.1 billion) for the 2023-24 fiscal year, compared to the C$1.3 billion deficit forecast in March’s

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Ontario raises deficit forecast, plans infrastructure bank launch ...Middle East

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