Libby Znaimer is joined by Ontario Minister of Finance, Rod Phillips. Yesterday, Philips delivered the province’s fall economic statement detailing the state of it’s financial health.
According to the fall economic statement unveiled yesterday, Ontario’s deficit is now expected to be $9 billion for this fiscal year, down from the $10.3-billion projection in the budget. And that money-1.3 billion dollars – is going back into program spending. It’s a confirmation of the kinder gentler tone the Ford government has been taking since returning after a long hiatus, and predictably, it’s coming under fire from both sides