For the sake of future generations, we need to take immediate and forceful action to deal with Ontario's massive deficit. And of course, to cut the deficit we will need to cut government waste, and that includes cutting the wasteful practices so prevalent in our education system. Ontario is going to have to take drastic action lest it go the way of Greece.

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

TORONTO - Ontario's projected deficit for 2012-13 has fallen from $14.8 billion to $11.9 billion.Finance Minister Dwight Duncan says the nearly $3-bil...

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...

TORONTO - A second credit rating agency put Ontario on credit watch Wednesday, just hours after the province announced last year's deficit was $300 mi...

TORONTO - Ontario can no longer afford to allow teachers to bank sick days and get a large payout on retirement and also needs to freeze their wages f...

TORONTO - Doctors, nurses, teachers and one million public sector workers in Ontario will have to hold their salary demands in check while the provinc...

The father of medicare, Tommy Douglas, never mortgaged a generation's future to pay for the services of the day. Jim Flaherty's plan for sustainable health care funding based on the government's revenue places him in closer company with Tommy Douglas than those who are opposing the shift.

MARKHAM, Ont. - Ontario's Liberal government said Tuesday it was lowering its budget deficit faster than projected, crediting its own restraint measur...