Ontario Debt

Kevin O'Leary

Dear Premier Wynne: I Would Have Fired You Long Ago

Thank you for your letter. I have been writing you for a while now and was getting worried you were never going to write back. I'm getting involved in the Conservative leadership race because I can't stand watching incompetent politicians destroy my country. You and Justin Trudeau are two of them. Rachel Notley would be the third.
CP

Ontario's Credit Rating Takes A Hit

TORONTO - Fitch Ratings downgraded Ontario's long-term debt rating Friday, highlighting "risks" on the path to the Liberal government's target of balancing the budget by 2017-18.The rating agency cut...
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...
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Carbon Tax Is Not a Solution for Ontario's Economy

Ontario has dug itself into a deep financial hole. The responsible thing to do is curb government spending to balance the books. But some analysts are suggesting that Ontario should raise taxes. McGill University's Dr. Christopher Ragan has even called for a carbon tax. This is a terrible idea. The last thing cash-strapped Ontario families can bear right now is a tax on everything.
CP

Are "Wynne Days" Coming?

We've seen this script before. Higher spending. Tax increases. Persistent deficits. Growing debt. Warnings from credit rating agencies. A government unwilling to make the tough choices to turn things around. That's the Ontario of the 1980s and early 1990s. It's also where the province finds itself today.
CP

The Stories Politicians Tell Themselves Are Rarely True

Bob Rae and Kathleen Wynne are hardly the only (former and current) politicians to engage in storytelling. Politicians of every partisan stripe do the same thing. But while stories are useful and guide us in a variety of beneficial ways, the rational side of human nature should revisit tales now and then, especially political ones. That leads to better, smarter government. Ontario is no exception.
AP

Moody's 'Negative' News For Ontario

TORONTO - Moody's credit rating agency changed Ontario's debt rating Wednesday to negative from stable, citing concerns about the province's ability to eliminate a $12.5 billion deficit by 2017-18 as...
CP

Wynne, Stop Ontario's Credit Rating From Plummeting Further

The government already spends 9.2 per cent of its revenues to service its debt and, according to its own estimates, this will rise to nearly 11 per cent in the next four years. Put plainly, Ontario spends $1 out of every $10 sent to Queen's Park to pay for past debt. This is money not spent on health care, education, transportation, or other public priorities. The increase in rates and the expectation for further hikes means even more tax revenues will go to paying interest instead of key government services.
CP

Tim Hudak Will Get Ontario's Books in Order

As the election heats up and politicians fall over themselves to promise the moon to voters, the single largest problem facing Ontario continues to be the province's pitiful finances. Hudak has been brutally honest with the people of Ontario about what his government will cut and the tough decisions they will make to get the province back on track.

CIBC Misses the Point About Ontario's Economy

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

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.
CP

How the Liberal Budget Will Harm Taxpayers

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.
CP

Premier Wynne: Just Say No to Flaherty

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.

Will Wynne Untangle Ontario's Fiscal Mess?

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
CP

Ontario's Good Bad News

TORONTO - Ontario's minority Liberals will reach out to labour leaders and the Progressive Conservatives to get a public sector wage freeze that's needed to eliminate the province's $14.4 billion defi...