Charles Sousa

CP

Canadian Governments Have Failed to Slay the Real Deficit We Face

Thanks to former Prime Minister Paul Martin, I think we've all been conditioned to think that balanced budgets are very good things. But not all deficits are bad. It is prudent or even smart to slash and scrap into a surplus like Stephen Harper has done. Especially considering that Canada's infrastructure deficit is estimated at nearly $400 billion -- and growing.
CP

Ontario Budget Date Revealed

TORONTO - There will be no "extreme measures" in the Ontario budget next week as the government moves to reduce a $10.9-billion deficit, although there will be changes to the way beer is sold, Finance...
CP

Ontario's Finance Minister Has Good News

TORONTO - A slump in oil prices, low interest rates and a weaker loonie may be hurting Alberta's economy, but Ontario's finance minister says they're giving his province some much-needed "breathing ro...
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Ontario's Debt Situation Is About To Get a Whole Lot Worse

Consider that in 2013/14 interest on the provincial debt was $10.6 billion. According to the province's fall fiscal update, that was just over half of all provincial sales tax revenue paid by Ontarians last year ($20.5 billion). So Ontarians should know that when you pay your provincial sales tax at the till, half of it flutters away just to pay your provincial government's debt interest.
CP

Report Spells Bad News For Wynne

TORONTO - Higher taxes or further spending cuts will likely be needed if Ontario's Liberal government is to keep its promise of balancing the books in three years, the Conference Board of Canada said...
CP

Well, That Was Easy..

TORONTO - Ontario's law-making school is out for the summer, but provincial politicians aren't breaking out the flip-flops and cracking open a cold one just yet.The legislature adjourned Thursday afte...
CP

Hudak: Libs Used 'Fake' Deficit Figure

TORONTO - Ontario's Progressive Conservatives released cabinet documents Monday that they said show the Liberals misled the public for years with "fake" figures on the size of the province's deficit,...
CP

Ontario Budget Date Announced

TORONTO - Ontario's governing Liberals will table their crucial budget on May 1, a high-stakes document that could turn into an election platform if both opposition parties refuse to support it."It's...
CP

Ontario Tories Accuse Wynne Of Lying

TORONTO - The Progressive Conservatives accused Premier Kathleen Wynne of lying about the state of Ontario's finances Monday and said the Liberals intentionally misled taxpayers and international bond...
CP

PENSION PLAN SHOWDOWN

OTTAWA - Finance Minister Jim Flaherty is suggesting he may present his own targeted proposal on pension reform at Monday's meeting with provincial colleagues, saying he is still concerned about raisi...

What's Holding Back Toronto?

Recent political drama in Toronto has brought its numerous power struggles into the spotlight. Between the hovering possibility of Premier Kathleen Wynne dissolving the city's infrastructure and the ongoing conflicts between Rob Ford and his cabinet, the recurring question is: who really controls Toronto?
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I Didn't Know!

TORONTO - The governing Liberals estimated a worst-case scenario early last year of $900 million in costs to scrap two gas plants in Oakville and Mississauga, according to documents recently tabled to...
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Ontario Budget 2013: A Fair and Prosperous Ontario

Presenting Ontario's Budget was a true honour for me and I am humbled by the opportunity to serve the people of Ontario. I'm proud of the work this government is doing to beat our fiscal targets and continue to invest in the things that matter most to people every day. In addition, Ontario has created almost 400,000 jobs since the depths of the global recession, recovering all of the jobs lost during those dark days. Ontario enjoys strong fundamentals and we are committed to eliminating the deficit by 2017-18. We believe a balanced approach is the right approach.
CP

Ontario Budget: A More 'Fair' Welfare

TORONTO - Ontario residents receiving social assistance will get to keep more of their own money without losing benefits starting this fall, the result of several "fundamental" changes meant to reduce...