TORONTO – The provincial government is preparing for the 2022 elections, seven months in advance. Today, Finance Minister Peter Bethlenfalvy introduced the Fall Economic Statement, a document that usually has a lesser value and that lays the foundations for the Spring Maneuver. We are in the presence of a real mini budget, with a detailed spending and investment plan, a clear indication of the government’s willingness to arrive at the next electoral consultation with a well-defined economic and fiscal platform. In the document, first of all, an increase in the deficit of 5.1 billion dollars is expected: the budget red, for the fiscal year 2021-2022, should reach 21.5 billion. (more…)
Some of Toronto’s major summer festivals, including the Canadian National Exhibition (CNE), have been canceled for the second consecutive year due to the COVID-19 pandemic. The slap in the face came on Friday (May 14), after the city announced that is extending the cancellation of in-person City-led and City-permitted outdoor events to September 6. (more…)