Ontario Releases 2025-26 First Quarter Finances

August 14, 2025

• Our government’s commitment to fiscal prudence has put Ontario’s finances in the strongest position in more than a decade.
• In the first calendar quarter of 2025, Ontario’s real gross domestic product (GDP) increased by 0.6 per cent, matching growth in the fourth quarter of 2024, supported by higher exports and household spending.
  • Other key indicators in the report remain unchanged from the projections in the 2025 Ontario Budget.
• Overall, this report highlights our government’s prudent and responsible approach to managing public finances while protecting the economy and keeping costs down for families — all while maintaining a path to a balanced budget.
• In the face of economic uncertainty, our plan will continue to protect Ontario’s workers, businesses, and jobs from the impacts of U.S. tariffs while building a more resilient and self-reliant economy to secure long-term prosperity.