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The province expects GDP to increase a modest 1.1 per cent in 2026 and 1.4 per cent in 2027, reflecting the effect of U.S. tariffs on its finances, said Finance Minister Eric Girard in delivering his eighth provincial budget. The deficit is nonetheless 13 per cent lower than last year’s $9.9 billion. The province forecasts a balanced budget by 2029-2030 at the latest, Girard said. (The Logic)
Talking point: The government plans to increase infrastructure investments by more than $5 billion over the next six years to mitigate slower growth and boost economic activity. The budget earmarks $700 million to help businesses transition to artificial intelligence and other productivity-boosting tools, and $283 million over five years for growth in innovative industries and the adoption of cutting-edge technologies.
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