California Debt

CIBC Misses the Point About Ontario's Economy

Niels Veldhuis | Posted 06.17.2014 | Canada Business
Niels Veldhuis

The analysis of one of Canada's leading banks incorrectly concludes Ontario can't be compared to California, should be compared to other provinces, isn't necessarily at fault for being the second most indebted province, and argues the federal government should consider bailing Ontario out. No wonder Ontario is in the state it's in.

Ontario Usurps California's Role as Poster Child for Debt

Sean Speer | Posted 05.20.2014 | Canada Politics
Sean Speer

A sign of the seriousness of Ontario's debt problem is evidenced by comparisons with California, which for more than a decade has been the butt of jokes of comedians, political commentators, the media, and politicians themselves for its inability to solve its perennial financial problems. This dubious distinction ought to be a wake-up call for Ontario's policymakers and citizens alike.

7 Austerity Horror Shows From Around The World

The Huffington Post Canada | Rachel Mendleson | Posted 02.15.2012 | Canada Business

With the release of the much-awaited Drummond Commission report on Wednesday, so begins months (perhaps years?) of political and public hand-wringing ...