The quarter percentage point rate reduction was widely expected by forecasters, given ongoing softness in the economy and easing inflation.

The project in New Tecumseth will increase bed capacity at the hospital by 20% and will triple the square footage of the existing hospital.

The province's next fixed election date isn't until June 2026, but Ford continued to dance around the issue of whether or not he'll call an early election.

A thorough revamp of the Supreme Court building had originally been set to take place between 2023 and 2028.

The drop follows little change in May and an increase in April (+2,300; +0.2%).