




By Kanishka Singh
(Reuters) - Canada's most populous province of Ontario on Thursday forecast steadily declining deficits over the medium term helped by a strong economic recovery, and projected a return to surplus by 2027-28, two years earlier than forecast in the previous budget.
The province, which goes to the polls in June, projected a 2022-23 deficit of C$19.9 billion ($15.5 billion), dropping to C$12.3 billion in 2023-24 and C$7.6 billion in 2024-25.
Ontario, home to just under 40% of Canada's 38.2 million population, is one of the world's largest sub-sovereign borrowers.
The government of Premier Doug Ford will not be able pass this financial plan as there was not enough time for it to go through the process before next Wednesday, when the legislature is dissolved and the election campaign officially begins.
If the ruling party is re-elected on June 2, they will be able to bring this budget back to the legislature and pass it then. Ford's Progressive Conservative party swept to power in the elections in 2018, ending 15 years of Liberal rule.
The budget also focused on building infrastructure like highways and hospitals with a plan of spending C$159 billion over 10 years.
Of that planned spending, C$25 billion would be for highway projects' planning and construction, Ontario Finance Minister Peter Bethlenfalvy said while presenting the budget.
The net debt to gross domestic product ratio is projected to be 40.7% in 2021–22, 8.1 percentage points lower than the forecast presented in the 2021 budget.
With an election looming, Ontario is aiming to rein in surging home prices with populist measures like a bigger foreign-buyer tax. Ford recently laid out plans to "cut red tape" on new home construction and boost the foreign-buyer tax to 20% from 15%, while also expanding it to cover the entire province.
Ontario will spend C$4 billion to support high‐speed internet access to every community by the end of 2025 and nearly $14 billion in capital grants over 10 years for schools and child care spaces.
EUR/USD
1.0562
-0.0024 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
EUR/USD
1.0562
-0.0024 (-0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
GBP/USD
1.2489
+0.0029 (+0.23%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (2)
Sell (5)
USD/JPY
127.86
+0.07 (+0.05%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (3)
Sell (3)
AUD/USD
0.7039
-0.0008 (-0.11%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (1)
Sell (3)
USD/CAD
1.2839
+0.0014 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (5)
Sell (1)
EUR/JPY
135.05
-0.24 (-0.18%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (2)
EUR/CHF
1.0296
-0.0005 (-0.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Gold Futures
1,845.10
+3.90 (+0.21%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Silver Futures
21.765
-0.143 (-0.65%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
Copper Futures
4.3042
+0.0212 (+0.49%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (2)
Crude Oil WTI Futures
110.35
+0.46 (+0.42%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (6)
Brent Oil Futures
112.91
+0.87 (+0.78%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Natural Gas Futures
8.058
-0.250 (-3.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
US Coffee C Futures
216.48
-2.22 (-1.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (0)
Euro Stoxx 50
3,657.03
+16.48 (+0.45%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (9)
Sell (1)
S&P 500
3,901.36
+0.57 (+0.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
DAX
13,981.91
+99.61 (+0.72%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (0)
FTSE 100
7,389.98
+87.24 (+1.19%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (7)
Sell (2)
Hang Seng
20,717.24
+596.56 (+2.96%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
US Small Cap 2000
1,773.27
-2.96 (-0.17%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (7)
Sell (1)
IBEX 35
8,484.50
+78.50 (+0.93%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (5)
Sell (2)
BASF SE NA O.N.
48.850
-0.010 (-0.02%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (1)
Bayer AG NA
63.74
+0.34 (+0.54%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (6)
Sell (2)
Allianz SE VNA O.N.
195.58
+0.78 (+0.40%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (0)
Adidas AG
172.80
+0.92 (+0.54%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (7)
Sell (1)
Deutsche Lufthansa AG
6.852
+0.049 (+0.72%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Siemens AG Class N
115.08
+2.62 (+2.33%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (4)
Sell (4)
Deutsche Bank AG
9.362
-0.130 (-1.37%)
Summary
BuyMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (8)
Sell (1)
EUR/USD | 1.0562 | ↑ Buy | |||
GBP/USD | 1.2489 | Neutral | |||
USD/JPY | 127.86 | Neutral | |||
AUD/USD | 0.7039 | Sell | |||
USD/CAD | 1.2839 | ↑ Buy | |||
EUR/JPY | 135.05 | Neutral | |||
EUR/CHF | 1.0296 | ↑ Buy |
Gold | 1,845.10 | ↑ Buy | |||
Silver | 21.765 | ↑ Sell | |||
Copper | 4.3042 | ↑ Buy | |||
Crude Oil WTI | 110.35 | ↑ Sell | |||
Brent Oil | 112.91 | ↑ Sell | |||
Natural Gas | 8.058 | ↑ Sell | |||
US Coffee C | 216.48 | ↑ Buy |
Euro Stoxx 50 | 3,657.03 | ↑ Buy | |||
S&P 500 | 3,901.36 | ↑ Buy | |||
DAX | 13,981.91 | Buy | |||
FTSE 100 | 7,389.98 | Neutral | |||
Hang Seng | 20,717.24 | ↑ Sell | |||
Small Cap 2000 | 1,773.27 | ↑ Buy | |||
IBEX 35 | 8,484.50 | Neutral |
BASF | 48.850 | Buy | |||
Bayer | 63.74 | Buy | |||
Allianz | 195.58 | Buy | |||
Adidas | 172.80 | Buy | |||
Lufthansa | 6.852 | ↑ Sell | |||
Siemens AG | 115.08 | Neutral | |||
Deutsche Bank AG | 9.362 | Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,875/ 6,975 (6,875/ 6,975) # 1,795 |
SJC HCM | 6,895/ 6,985 (0/ 0) # 1,800 |
SJC Hanoi | 6,895/ 6,987 (0/ 0) # 1,802 |
SJC Danang | 6,895/ 6,987 (0/ 0) # 1,802 |
SJC Nhatrang | 6,895/ 6,987 (0/ 0) # 1,802 |
SJC Cantho | 6,895/ 6,987 (0/ 0) # 1,802 |
Cập nhật 22-05-2022 12:07:58 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,846.53 | +4.27 | 0.23% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 30.580 | 31.190 |
RON 95-III | 29.980 | 30.570 |
E5 RON 92-II | 28.950 | 29.520 |
DO 0.05S | 26.650 | 27.180 |
DO 0,001S-V | 27.450 | 27.990 |
Dầu hỏa 2-K | 25.160 | 25.660 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $109.83 | 0 | 0% |
Brent | $110.60 | 0 | 0% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.000,00 | 23.310,00 |
EUR | 23.879,54 | 25.217,23 |
GBP | 28.128,10 | 29.328,16 |
JPY | 176,49 | 186,84 |
KRW | 15,80 | 19,26 |
Cập nhật lúc 12:01:38 22/05/2022 Xem bảng tỷ giá hối đoái |