Ontarians are already burdened by a $300 billion provincial net debt that has ballooned over the past decade.
ontario economy
February 18, 2016
11:51AM
Ontario’s net debt is projected to climb to 40.2 per cent of the provincial economy this year.
February 15, 2016
3:00AM
While the overall federal transfer “pie” has grown significantly over the past decade, Ontario’s “slice” has also grown larger.
December 22, 2015
3:53PM
The recent elections in Alberta and federally in Canada have elected governments that appear dedicated to increasing government’s interference in the economy.
November 3, 2015
4:00AM
Business investment is no longer the driving force of capital formation in Ontario. In its place, investment by the public sector has nearly doubled.
July 18, 2015
9:00AM
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.”
June 18, 2015
10:00AM
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.
December 13, 2014
10:00AM
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.
November 18, 2014
10:00AM
There was an aura of complacency in Queen’s Park as the Ontario government released its update on the state of provincial finances.