P.E.I.'s deficit projection grows to nearly $460M in latest economic update

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Source: Prince Edward Island - Regional News
Date: 2026-10-30 23:12:30.0
Tags: [Prince Edward Island, Finance, Economy, Healthcare, Social Services]

In its fall fiscal and economic update, the Government of Prince Edward Island increased its projected deficit for the 2026-27 fiscal year by nearly $50 million, moving from a spring budget projection of $410 million to $459.3 million. Operating expenses came in over $100 million above budget, primarily driven by spending on health care, social program funding, and rising fuel costs, according to Finance Minister Jill Burridge. Despite the increased deficit, the province's net debt is forecast to decrease by $101.8 million compared to spring estimates due to improving revenues, supported by a 3.1 per cent increase in average monthly employment, a drop in the unemployment rate to 7.4 per cent, a 7.2 per cent rise in international goods exports, and a 3.5 per cent increase in farm cash receipts.

Health spending helped push New Brunswick deficit to record $1.3B in last fiscal year

Source: New Brunswick - Regional News
Date: 2026-09-25 13:46:00.0
Tags: [New Brunswick, Finance, Healthcare, Social Services, Economy, Taxation]

The Government of New Brunswick announced a record deficit of $1.3 billion for the previous fiscal year, more than double the $549-million shortfall projected in the March 2025 budget by the Liberal government. Provincial revenues fell short by nearly $217 million due to lower harmonized sales taxes and reduced corporate and personal income taxes. Conversely, expenses exceeded expectations by almost $538 million, primarily driven by increased spending on healthcare and social development. Finance Minister René Legacy noted that the province closed the fiscal year with a net debt of $13.9 billion while facing ongoing cost pressures and potential U.S. trade tariffs.

Ontario Investing $4.8 Million to Protect and Train Workers in Simcoe and Surrounding Area

Source: Ontario - Ministry of Labour, Immigration, Training and Skills Development
Date: 2026-08-25 15:00:00.0
Tags: [Ontario, Labour, Economy, Agriculture, Healthcare, Social Services]

The Ontario government is investing over $4.8 million through the sixth round of the Skills Development Fund Training Stream across three projects in Simcoe and surrounding areas to train 400 workers and jobseekers for careers in skilled trades, agriculture, and long-term care. Blue Door Support Service is receiving $3,637,864 to help 200 vulnerable, unemployed, and unhoused jobseekers in York, Durham, and Peel regions through its Construct program. Botree Inc. is receiving $813,700 to train 125 women and underrepresented groups for frontline healthcare roles in long-term care facilities. The Karma Project Community Food Co-Operative Inc. is receiving $417,000 to provide 75 at-risk youth with technical training and mentorship for agricultural careers.