Doug Ford Cuts Billions In Spending, But Only Shaves Deficit By $500M

Ontario Premier Doug Ford appears to be off to a slow start on his campaign promise to find $6 billion in so-called "efficiencies."

His government's first major economic plan cuts $3.2 billion in spending, but also forgoes $2.7 billion in revenue by lowering taxes and scrapping the price on pollution. All told, the deficit will only be $500 million lower than it was before.

Finance Minister Vic Fedeli tabled the Fall Economic Statement at Queen's Park on Thursday.

"The fiscal hole is deep...

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