Ontario Debt

CIBC Misses the Point About Ontario's Economy

Niels Veldhuis | Posted 04.17.2014 | 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 03.20.2014 | 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.

How the Liberal Budget Will Harm Taxpayers

Candice Malcolm | Posted 03.06.2014 | Canada Politics
Candice Malcolm

Ontario NDP Leader Andrea Horwath has drawn a line in the sand, and if Premier Kathleen Wynne crosses it, Ontario will head to the polls for a spring election. Much to the delight of the Canadian Taxpayers Federation, this line in the sand is about tax increases.

Premier Wynne: Just Say No to Flaherty

Mitch Wolfe | Posted 11.30.2013 | Canada Politics
Mitch Wolfe

Flaherty's single federal securities regulator on the provinces will have devastating economic consequences that the Wynne-Liberal government will inflict upon the Ontario economy. There are many reasons why this is a very bad deal for Ontario, grasshopper. Here is one such reason.

Which Provinces Are In The Most Financial Trouble?

The Huffington Post Canada | Posted 08.25.2013 | Canada Business

Canada’s provinces have been struggling to balance the books for years (some of them for decades), and with the economic sluggishness of recent year...

Is There no End to this Liberal Deficit Madness?

Mitch Wolfe | Posted 08.28.2013 | Canada Politics
Mitch Wolfe

Is there no end to this Liberal deficit madness? It is ironic that Premier Wynne does not practice what she preaches, as she and her government have reneged on their commitment of continuous funding of $150 million annually to the City of Toronto for its social housing.

Will Wynne Untangle Ontario's Fiscal Mess?

Charles Lammam | Posted 04.01.2013 | Canada Politics
Charles Lammam

Having won the Ontario Liberal Party's leadership, Premier-designate Kathleen Wynne has a golden opportunity to chart a new course and undo Dalton McGuinty's legacy of fiscal mismanagement. As Wynne contemplates priorities for her leadership she should seriously consider putting Ontario's deficit and debt problem on the top of her to-do list

Euro-Style Debt Crisis Could Hit Canada: Report

The Huffington Post Canada | Daniel Tencer | Posted 10.18.2012 | Canada Business

Canada could face a eurozone-style debt crisis in the coming decades if provinces don’t fix their finances, says a new report from the Macdonald-Lau...

Which Provinces Are In The Most Financial Trouble?

The Huffington Post Canada | Daniel Tencer | Posted 10.16.2012 | Canada Business

Canada’s provinces are in long-term fiscal trouble. That was the conclusion of a recent report from federal Parliamentary Budget Officer Kevin P...

Ontario's Good Bad News

CP | Maria Babbage, The Canadian Press | Posted 12.15.2012 | Canada Politics

TORONTO - Ontario's minority Liberals will reach out to labour leaders and the Progressive Conservatives to get a public sector wage freeze that's nee...

What's Keeping Ontario's Finance Minister Up At Night?

CP | Maria Babbage, The Canadian Press | Posted 04.21.2012 | Canada Politics

TORONTO - Ontario's growing debt is the boogeyman that keeps Finance Minister Dwight Duncan awake at night.For everyone else, the new nightmare is whe...

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 ...

Cut Deep Or Face Greece's Fate, Ontarians Told

CP | Posted 02.15.2012 | Canada

TORONTO - Bigger class sizes, higher electricity and water bills and new parking fees at public transit stations are among the bitter pills deficit-ri...