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Ontario Premier Doug Ford to make announcement on eve of fall economic statement

Ontario Premier Doug Ford will be in Etobicoke on Sunday morning to make a rare weekend announcement.

Ford will be joined by his minister of finance, Peter Bethlenfalvy, to make the announcement at 11 a.m.

The Ford government has released few details about the event, scheduled to take place the day before Bethlenfalvy tables his fall economic statement and fiscal review.

The minister of finance is set to table the financial updates in Ontario’s legislature at around 1 p.m. on Monday.

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Ontario economy on a ‘knife’s edge’ while government programs face underfunding, FAO says

Ontario’s latest economic plans come in the context of a delicate economic picture for the province as a whole and better-than-expected financial performance for the government’s coffers.

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At the end of October, Ontario’s financial watchdog said Ontario’s economy was on a “knife’s edge.”

Financial Accountability Officer (FAO) Peter Weltman said after a record-breaking year, the province’s economy was projected to slow down amid rising interest rates and cautious consumer spending — leading to a projected growth of 0.7 per cent, down from the government’s projection of 3.1 per cent.

“We’re on a knife’s edge right now,” Weltman told reporters at Queen’s Park. “We don’t think there will be (a recession) but we think we’re close.”

Bethlenfalvy announced in September that Ontario ended the last fiscal year with a surprise surplus of $2.1 billion.

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