It’s important for policymakers to recognize the severity of Ontario’s growth problem, how long-lived it has been, and the challenge of weak business investment that could impede future growth.
According to estimates, economic growth is maximized when government spending is about 26 per cent of GDP.
Canada has the fifth-highest level of total government debt among 29 industrialized countries.
This government’s policies depart from the consensus of previous governments both Liberal and Conservative.
At least 90 per cent of net job creation in Ontario took place either in the Greater Toronto Area or Ottawa.
The Ford government plans to invest $100 million of taxpayer money in technology companies.
Canada's total government debt now equals 107 per cent of GDP.
Program spending is projected to increase from pre-pandemic levels by 15.2 per cent in 2021/22.
The 2016-2019 period contained the weakest performance for income growth, labour markets and business investment.