Ontario deficit to drop to $7.5 billion this fiscal year, $1 billion lower than forecast in the 2015 budget

Ontario’s deficit is set to drop by $1 billion over forecasts in the 2015 budget, despite lower-than-expected economic growth.

THE CANADIAN PRESS/Darren CalabreseOntario Finance Minister Charles Sousa, right, is congratulated by Premier Kathleen Wynne after delivering the 2014 budget at Queen's Park in Toronto on Monday, July 14, 2014.

The budgetary shortfall for the 2015/16 fiscal year will fall to $7.5 billion from the $8.5 projected by Finance Minister Charles Sousa in his April...

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