Ontario has released its fall economic statement, highlighting the province’s plans to build the economy amid pressure from U.S. tariffs.
Ontario Minister of Finance Peter Bethlenfalvy detailed the plan, showcasing major investments in highways, transit, health care and other services.
“With tariffs taking direct aim at Ontario workers and communities, it has never been more important for the government to deliver on its plan to protect Ontario,” said Bethlenfalvy. “We are able to take unprecedented steps to
protect Ontario thanks to our commitment to fiscal prudence, which has put Ontario’s finances in the
strongest position they have been in in over a decade.”
In a news release, Bay of Quinte MPP Tyler Allsopp said that the measures in the statement would attract investment, protect workers, and build critical infrastructure.
“The 2025 Fall Economic Statement affirms our government’s commitment to preserve jobs and prosperity in Bay of Quinte and across the province amid uncertain economic times,” said MPP Allsopp. “I’m pleased to see our plan will advance these key priorities while delivering prudent, responsible fiscal management.”
The statement featured several priorities for the provincial conservative government, including a rebate for the full provincial portion of the HST for first-time home buyers of most new homes, increasing funding in the Ontario Together Trade Fund to help small and medium businesses diversify and enter new markets, and continuing supports for tariff-impacted businesses through the $5 billion Protecting Ontario Account.
The Ontario government is also preparing consultations to inform the upcoming 2026 budget.
