TORONTO - Ontario is planning to dig itself an $18-billion fiscal hole over two years to fight off a deepening recession that's dragging down governments across Canada and around the world ...

A northern Ontario town that faces a shutdown of municipal services next month is meeting with representatives from Ontario’s ...

Ontario’s budget deficit is set to widen as the highest interest rates in decades and slower growth hurt the finances of the province that is Canada’s economic powerhouse.

The small northeastern Ontario township of Fauquier-Strickland says it will cease all municipal services as of Aug. 1, due to ...

Ontario on Thursday projected a wider budget deficit for the current fiscal year than previously expected and said it would launch an infrastructure bank to fund projects in Canada's most populous ...

Ontario plans to borrow C$59.8 billion ($42.7 billion) to fund a larger budget deficit and spending on highways and other infrastructure, and expects more of it will come from foreign currency ...

Ontario’s provincial government says it brought in 20 per cent more revenue than anticipated thanks to a galloping economy, and ran a surplus last year of $2.1-billion, even though it warned ...

TORONTO — Ontario is delaying its path to balance as lethargic economic growth drags the province’s books further into the red, with a $9.8-billion budget deficit projected for the coming ...

Ontario on Monday projected a smaller deficit for the current fiscal year than it previously expected due to increased revenue and lower borrowing costs, a third-quarter report from Canada's most ...