Tax cuts and cash for nation building projects are high on Ontario’s wish list for today’s federal budget, as all eyes at Queen’s Park turn to Ottawa for Prime Minister Mark Carney’s first spending plan.

Finance Minister Peter Bethlenfalvy told a business audience on Monday that federal tax cuts could help the economy as the impact of U.S. tariffs becomes more pronounced with each passing week.

“I'd love to see … lower taxes, because for too long out of Ottawa, we saw taxes go up,” Bethlenfalvy said. “We're starting to see that ship turn.”

The federal budget lands just two days before Ontario will deliver its own key fiscal update, the fall economic statement. It also comes as economic uncertainty caused by U.S. President Donald Trump’s trade policy has hurt business investment and Onta

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