ontario economy

3:00AM
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While the overall federal transfer “pie” has grown significantly over the past decade, Ontario’s “slice” has also grown larger.


3:53PM
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The recent elections in Alberta and federally in Canada have elected governments that appear dedicated to increasing government’s interference in the economy.


4:00AM
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Business investment is no longer the driving force of capital formation in Ontario. In its place, investment by the public sector has nearly doubled.


9:00AM
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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.”


10:00AM
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Despite the talk of painful austerity, Ontario’s recent budget continues to bleed red ink. Finance Minister Charles Sousa projects a deficit this year of $8.5 billion, and doesn’t predict an actual balancing of the books until 2017-18 fiscal year.


10:00AM
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When the federal government faced a growing debt problem in the late 1980s, then Opposition finance critic Paul Martin was initially skeptical about cutting spending.


10:00AM
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There was an aura of complacency in Queen’s Park as the Ontario government released its update on the state of provincial finances.


2:00AM
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A new report on provincial debts and deficits by Moody's, the international credit rating agency, is another piercing reminder of Ontario's serious fiscal challenges.


2:00AM
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Lost in the current flurry of Ontario’s election campaign is the one key issue facing the province, and indeed all of Canada: Ontario’s laggard economic performance is dragging down the national economy.