Ontario to table fall economic statement Nov. 6

Ontario Finance Minister Peter Bethelnfalvy speaks during Question Period at Queen’s Park Tuesday October 21, 2025.

Ontario’s Progressive Conservative government says it will provide an update on the province’s finances early next month.

Ontario Finance Minister Peter Bethlenfalvy said Tuesday that the fall economic statement will come down on Nov. 6.

“With U.S. tariffs taking direct aim at Ontario businesses, the world’s economic landscape has changed,” Bethlenfalvy said during Question Period at Queen’s Park. “The status quo is no longer an option, and Ontario is ready to fight back.”

He said the Ford government has been working on “unleashing the full potential” of Ontario’s economy and the fall economic statement, sometimes described as a mini budget, will lay out its progress and update the government’s plan.

“This will be a plan to protect all of Ontario, an update on the progress that we’ve made to make Ontario the most competitive economy in the G7 and the best place in the world to invest, work and create jobs,” Bethlenfalvy said.

In May, the province unveiled a $232.5B budget aimed at protecting the economy from tariffs. The budget, which grew the deficit to an estimated $14.6 billion in 2025-26, included billions dollars for shoring up various programs aimed at protecting jobs, industries and workers.

The government said at the time that it still expects to be able to balance the books by 2027-28, even predicting a small surplus of $200 million that fiscal year.