Toronto wants a new deal with the province. Doug Ford says the answer is ‘no’

CTV News · Joshua Freeman · 2026-11-05 02:20 UTC

Ontario Premier Doug Ford says the province will not be hammering out a so-called “New Deal 2.0” to solve Toronto’s finances.

Ontario Premier Doug Ford says the province will not be hammering out a so-called “New Deal 2.0” to solve Toronto’s finances.

“No, there’s no 2.0 to answer your question directly,” Ford said when asked by a reporter if he plans to cut a new deal that would give Toronto more money.

The original new deal was inked between the province and the city early in Mayor Olivia Chow’s first term. It saved Toronto billions of dollars by uploading responsibility for the Gardiner Expressway and Don Valley Parkway back to the province. It provided $1.2 billion in operating support over three years, ending in 2026. It also provided capital support through 2024, including the upload of the Gardiner and DVP .

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