Canada's Ontario province boosts spending to address COVID-19

  • 11/5/2020
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TORONTO, Nov 5 (Reuters) - Ontario, Canada’s most-populous province, said on Thursday it would spend more on health and support for the economy during the coronavirus crisis, as it projected a record budget deficit for 2020-21 and additional large shortfalls over the coming years. The province’s Progressive Conservative Party government forecast a deficit of C$38.5 billion ($29.5 billion) in the current fiscal year, matching an August forecast, a budget document showed. The budget was delayed from March because of the pandemic.

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