With budget season on the horizon, the headlines may mask the magnitude of growth in government debt.
ontario debt
Décembre 21, 2015
3:00AM
Between 2001 and 2008, Ontario provincial government spending grew at an average of five per cent annually while revenues only grew four per cent.
Décembre 18, 2015
1:53PM
Ontario and Quebec, Canada’s two largest provinces, recently released their fall updates on the state of government finances.
Décembre 16, 2015
10:12AM
As recent as 2009/10, Quebec’s per-person net debt burden was approximately $4,400 higher than Ontario’s. That gap is projected to be just $1,100 this year.
Décembre 2, 2015
9:29AM
Ontario’s government is spending more than it takes in each year. This year will represent the province’s eighth consecutive budget deficit.
Décembre 1, 2015
1:37PM
As Canadian governments struggle with budget deficits and mounting debt, it's important to recognize the potential long-term negative consequences of debt.
Novembre 26, 2015
11:59AM
On Thursday, Finance Minister Charles Sousa will provide an update for Ontarians on the state of provincial government finances.
Novembre 18, 2015
9:30AM
The Ontario government has pledged to eliminate its budget deficit by 2017/18. However, the government’s recent record on fiscal issues casts doubt on whether it will meet this target.
Juillet 18, 2015
9:00AM
Last week, Standard and Poor’s announced a downgrade to Ontario’s long-term credit rating, pointing to the province’s “very weak budgetary performance.”
Juin 25, 2015
10:00AM
According to the Globe and Mail, Ontario Premier Kathleen Wynne has a new advisor, former TD Bank chief executive officer, Ed Clark. Mr. Clark will apparently advise the government on a host of issues including finding new sources of revenue to help balance the provincial budget.