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How does Alberta’s deficit stack up against the other provinces?
Alberta’s budget is coming in a couple weeks and expectations are that the government will unveil a deficit for the current fiscal year totalling at least $5.9 billion. How does this number stack up against the other provinces? Let’s ...
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Ontario’s decade of spending decadence
Appeared in the Windsor Star The Ontario government has never made a secret of its desire to have the federal government help fund Ontario’s provincial budget. It even started its own think-tank with $5 million in 2009, which regularly publishes reports ...
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Government budgets are like volcanoes: It’s what underneath that counts
Appeared in the Calgary Herald Imagine you’re near what you thought was a dormant volcano but it suddenly erupts. Assuming you escape, you might later reflect that there was nothing “sudden” about it. The eruption resulted from earlier events deep within ...
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More compensation restraint would help ease Ontario’s budget troubles
Appeared in the Waterloo Region Record, April 9, 2015 Amid a gathering fiscal storm, the Ontario government will soon table its budget for the coming fiscal year and beyond. There’s a lot riding on getting things right. A recent study found that debt is ...
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A Brief History of Ontario Public Debt
Appeared in the Financial Post Ontario’s net public debt is estimated at $287.3 billion and will hit nearly $320 billion by 2017. The evolution of this daunting number is an interesting story as the spring budget approaches. Much like Rome, Ontario’s ...
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Western weakness won’t help Ontario’s budget woes
Appeared in the National Post With the plunge in oil prices over the last six months (and already soft natural gas prices), it’s not headline news to note that provinces heavily dependent on energy-related revenues are suffering. The decline in the ...
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Balancing the Ontario budget by 2017-18 just a pipe dream
Appeared in Waterloo Region Record, Stratford Beacon Herald, Woodstock Sentinel Review, and Winnipeg Free Press Ontario’s provincial government wants a balanced budget for the 2017-18 fiscal year, and Finance Minister Charles Sousa is adamant that Ontario ...
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Is there any wonder why Ontario is in the state it's in?
Appeared in the Financial Post As Ontario continues to undermine its economic future with growing debt, the province does not receive near the critical scrutiny it should from the media and financial markets. In reading CIBC World Markets latest Economic ...
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Can Canada Prosper Without a Prosperous Ontario?
Ontario's economic struggles, which are most dramatically illustrated by its transition to a "have-not" province, have implications far beyond the borders of the province. For the better part of a decade, and particularly since the ...
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Bad news out of Ontario illustrates need for a better fiscal plan
Appeared in the Toronto Sun and Ottawa Sun The economic news coming out of Ontario in recent days has been far from positive. The province's economic and fiscal position is weak and new analysis released by the Ministry of Finance suggests its ...