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  1. Ontario’s fiscal paradox—a balanced budget and mounting debt

    Ontario has wrapped up its 2018 pre-budget public consultations as it prepares to deliver its next provincial budget. Ontario Finance Minister Charles Sousa confirmed in the fall fiscal statement that Ontario’s 2018 budget will be ...

  2. Ontario debt—kicking the can down the road

    A new study released this today by the Fraser Institute examined the Wynne government’s plan to reduce Ontario’s debt burden to pre-recession levels (26-27 per cent) by 2029/30 from its current level of 37.5 per cent. The government’s ...

  3. Ontario’s debt plan—weak and risky

    Ontario’s finances remain in deep trouble, despite last month’s announcement of a balanced operating budget for 2017/18. The province still has $312 billion in net debt, and expects to pile on more than $11 billion in new debt annually ...

  4. Despite likely balanced budget, Ontario’s deficit dragon not dead yet

    Finance Minister Charles Sousa will deliver Ontario’s spring budget on April 27 and the expectation is that Ontario will deliver a balanced budget for the first time since the onset of the Great Recession. Ontario has now run nine ...

  5. Lower taxes instead of business subsidies in Ontario? Let’s drink to that

    This morning, the Ontario government announced a $4.9 million program to subsidize the growth of small cideries and distilleries in the province. Finance Minister Charles Sousa noted that the subsidies would support a thriving small ...

  6. Ontario’s plan is hardly working

    Today, the Wynne government released its fall statement—essentially an update on the state of Ontario’s economy and finances. The document’s second paragraph contains a shockingly out-of-touch sentence. It reads: “Our plan is working.” ...

  7. Rosy rhetoric can’t hide Ontario’s dreary fiscal outlook

    Today, Ontario Finance Minister Charles Sousa (pictured above) will deliver Ontario’s fall economic update. It will no doubt be an upbeat narrative on how Ontario is on the road to economic growth and that the province’s finances are on ...