ontario economy

3:53PM
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The recent elections in Alberta and federally in Canada have elected governments that appear dedicated to increasing government’s interference in the economy.


4:00AM
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Business investment is no longer the driving force of capital formation in Ontario. In its place, investment by the public sector has nearly doubled.


9:00AM
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Last week, Standard and Poor’s announced a downgrade to Ontario’s long-term credit rating, pointing to the province’s “very weak budgetary performance.”


10:00AM
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Despite the talk of painful austerity, Ontario’s recent budget continues to bleed red ink. Finance Minister Charles Sousa projects a deficit this year of $8.5 billion, and doesn’t predict an actual balancing of the books until 2017-18 fiscal year.


10:00AM
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When the federal government faced a growing debt problem in the late 1980s, then Opposition finance critic Paul Martin was initially skeptical about cutting spending.


10:00AM
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There was an aura of complacency in Queen’s Park as the Ontario government released its update on the state of provincial finances.


2:00AM
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A new report on provincial debts and deficits by Moody's, the international credit rating agency, is another piercing reminder of Ontario's serious fiscal challenges.


2:00AM
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Lost in the current flurry of Ontario’s election campaign is the one key issue facing the province, and indeed all of Canada: Ontario’s laggard economic performance is dragging down the national economy.


2:00AM
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The economic news coming out of Ontario in recent days has been far from positive. The province's economic and fiscal position is weak and new analysis released by the Ministry of Finance suggests its economy will remain sluggish for the foreseeable future.