Power & Politics Ontario budget paints grim picture of tariff impacts
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May 16, 2025 
Peter Bethlenfalvy, Ontario's Finance Minister, discusses the alarming $14.6 billion deficit driven by U.S. tariffs and their severe impact on Ontario's economy. Fred Delory offers political insights while Melody Richet delves into the communication strategies in these turbulent times. Naheed Nenshi weighs in on Alberta's rising separatist sentiment, highlighting the complexities of provincial politics. Greg McEachern shares insider perspectives on cabinet dynamics, adding depth to the challenges ahead for both provinces.
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Tariffs Heavily Impact Ontario Budget
- Ontario's 2025 budget reflects a $14.6 billion deficit largely due to U.S. tariffs impacting its economy.
- The province plans significant tariff-related measures while focusing on long-term economic growth through infrastructure.
Use Infrastructure To Boost Economy
- Lean into infrastructure projects like hospitals, roads, and nuclear energy to create jobs and drive economic growth.
- Work closely with the federal government to streamline approvals and trade for faster economic progress.
Ontario's EV Industry Prospects
- Electric vehicle industry delays signal challenges but Ontario's skilled workforce and mineral resources position it well.
- Processing critical minerals locally maximizes economic benefits rather than exporting raw materials.