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Reuters
Reuters
Politics
By Ismail Shakil

Ontario leader warns of potential economic slowdown in Canadian province

Ontario Premier Doug Ford speaks during his Ontario PC Party provincial election night watch party at the Toronto Congress Centre in Etobicoke, Ontario, Canada June 2, 2022. REUTERS/Chris Helgren

Ontario Premier Doug Ford's government, opening a new provincial parliamentary session on Tuesday, warned an economic slowdown could be coming to the province as Canada's central bank rapidly hikes interest rates to curb inflation.

Ford's Progressive Conservatives returned to power in Canada's most populous province in June on the back of promises to increase spending, raise the minimum wage and provide tax relief at the gas pump.

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