Ontario Finance Minister Provides Fiscal Update – August 12, 2020

COVID-19: Canada Responds

Ontario Finance Minister Provides Fiscal Update – August 12, 2020

At a news conference in Toronto, Rod Phillips, Ontario’s minister of finance, provides a fiscal update outlining the province’s first quarter finances and the economic impact of the COVID-19 (coronavirus disease) pandemic. The government is projecting a $38.5 billion deficit for the 2020–21 fiscal year as it copes with increased expenditures and declining revenue due to the pandemic. (no interpretation)