Ontario Releases 2024–25 First Quarter Finances

The Ontario government has released the 2024-25 First Quarter Finances, showing that the province’s fiscal outlook remains stable despite global economic challenges with a 0.7% increase in Ontario’s real GDP for the first quarter of 2024.

Peter Bethlenfalvy, Ontario’s Minister of Finance, noted that the government is making historic investments to build key infrastructure such as Highway 413, the Bradford Bypass, and other major new highway interchanges while creating jobs and promising not to increase taxes.