The province plans to give $500 million in loans and grants to a steel manufacturer in Hamilton.
ontario government spending
Compared to Ontario, the average per-capita GDP is 32.7 per cent higher in the rest of the Great Lakes region.
In the recent past, the province's recessions have been followed by extended periods of debt growth.
The Ontario government plans to increase the minimum wage to $15 in January.
The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24.
Ontario's debt interest costs will rise by 21 per cent.
Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate.
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.