Ontario Finance Minister Vic Fedeli will table the Ford government's first budget on Thursday. Photo: Canadian PressClick image to enlarge

The Conservative government of Ontario Premier Doug Ford introduces its first budget at 4 p.m. on Thursday.

There are difficult choices to be made, says Conference Board of Canada director Matthew Stewart. “It will be important for them to release a credible plan to return their fiscal situation to a sustainable path. Acting quickly is imperative in light of elevated global risks."

According to Conference Board economist Daniel Fields, those risks include trade disputes, a sluggish Alberta economy that is impacting all other provinces, labour shortages and business reluctance to invest in machinery and equipment.

So far most commentary and predictions have focused on changes to the province’s education system, looming cuts to spending and balancing Ontario’s books, with little attention given to measures that are likely to impact the province’s manufacturing sector.

This week Ford announced plans to double the length of Toronto’s downtown transit “relief line” as part of a $28.5 billion transit plan, reports the Globe and Mail. But Conservative strategist Chad Rogers of Crestview Strategies told the Globe and Mail that Thursday’s budget will instead emphasize fulfilling Ford’s election promise to help the average citizen, with measures such as free dental care for low-income seniors and subsidies for day care.

The province has been in a deficit position since 2008–09, and 2018–19 is expected to continue this trend with an anticipated deficit of $14.5 billion, the Conference Board says. Over that same period, net debt has grown from $170 billion to $347 billion – faster than the economy has grown.

Ford says his government will lay out a “responsible” path to a balanced budget, but as Global News reports, critics are warning that deep cuts are on the way.

Mining and energy spending boosts foreign investment in Canada

Foreign mining and energy companies registered the highest spending in Canada in almost two years, driving a significant increase in foreign direct investment in the country.

Mazak pushes digital manufacturing envelope

Mazak has a vision for the future of manufacturing that embraces the Industrial Internet of Things (IIoT) and that vision was clearly evident at Discover 2015, an annual multi-day event held at the company's sprawling 800,000 sq ft headquarters and North American manufacturing operations in Florence, KY.

FABTECH 2018: Embracing Technology

Visitors to FABTECH 2018 in Atlanta, GA, saw what they expected to see: examples of automation, additive and other smart manufacturing solutions.

Ontario, Quebec lead manufacturing rebound in May

Manufacturing sales increased 10.7 per cent to $40.2 billion in May following a record 27.9 per cent decline in April, according to Statistics Canada’s Monthly Manufacturing Survey.

Rohm earns DMG MORI designation for workholding

Rohm Products of America has been named a DMG MORI Qualified Products designer/supplier. The designation means Rohm can now provide accessories for DMG MORI machines that have been certified according to the machine tool builder's standards.

AGT Robotics, Creaform partner on new scanning solution

Two Quebec businesses are partnering to create a turnkey 3D scanning solution for automated quality control applications.

Translas opens Canadian division

Translas has launched a Canadian division.

De Havilland Canada books first firm Dash 8-400 order

De Havilland Aircraft of Canada Ltd. has announced that the United Republic of Tanzania, represented by the Tanzanian Government Flight Agency (TGFA), has signed a firm purchase agreement for a Dash 8-400 aircraft.

Hurco acquires Italian machine tool parts business, LCM

Hurco Companies Inc., Indianapolis, IN, has acquired the machine tool component business of LCM Srl, Asti, Italy. LCM, formed in 1986, designs and manufactures mechanical components and accessories for machine tools.

Canada shuts door on cheap metal imports

One day after a phone meeting between Canadian Prime Minister Justin Trudeau and US President Donald Trump, Ottawa announced measures to prevent Canada being used as a back door for the import of cheap offshore steel imports destined for the US.

Lincoln expands with robotic plasma firm acquisition

Lincoln Electric Holdings Inc., has acquired an ownership interest in Burlington Automation Corp., Hamilton, ON, a manufacturer of 3D robotic plasma cutting systems.

Eclipse Automation acquires D&D

Eclipse Automation has purchased custom automation equipment manufacturer D&D Automation of Stratford, ON.

FABTECH 2021 confirms in-person event

FABTECH has confirmed that its 2021 event will take place with in person attendance.

Quebec company to develop device for Elon Musk's SpaceX

The co-founder of a small Quebec company says he's excited about being asked by Elon Musk's SpaceX to design and develop creeper seats to help workers inspect the California-based aerospace manufacturer's Falcon 9 rockets.

New Flyer acquires specialty vehicle maker


Manitoba bus manufacturer New Flyer Industries Inc. has acquired ARBOC Specialty Vehicles for US $95 million.

Stay In Touch

twitter facebook linkedIn