Thursday, October 22, 2009

Ontario Economy Update

A government source tells The Canadian Press the 650-million dollars Ontario has spent in the fight against swine flu is partly to blame for the province's deepening deficit.

Experts say the province is likely burdened with a deficit ashigh as 22-billion dollars.

We'll find out if that's the case later today when Finance Minister Dwight Duncan delivers his fall economic statement.

Premier Dalton McGuinty says we'll have to wait until the spring budget to hear the government's strategy for digging the province out of its fiscal hole.