This report provides an update on Ontario’s credit rating amid the COVID-19 pandemic. All four principal international credit rating agencies have reaffirmed the province’s rating based on their assessment of the province’s economic and financial outlook and future risks.
The report provides a forecast of Ontario’s economy and fiscal position through 2050, based on current fiscal policies.
This report is an update on Ontario’s economic and budget outlook. The FAO projects Ontario’s budget deficit will increase to $8.5 billion in 2019-20, up from $7.4 billion last year.