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Ontario lagging behind neighbours on key economic measures
Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate. ...
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The Wynne budget—more spending, more fiscal problems, more debt
Appeared in the Toronto Sun, March 29, 2018 Finance Minister Charles Sousa has tabled Ontario’s 2018 budget. And above all else, the pre-election document is characterized by a complete absence of fiscal discipline and dangerous willingness to saddle ...
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Ontario’s Lost Decade: 2007–2016
Between 2007 and 2016, Ontario was mired in a prolonged period of economic weakness during which it lost ground compared to the rest of the country on many important economic indicators. This bulletin examines the extent of Ontario’s economic ...
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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 ...
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Despite brisk economic growth, Ontario continues to rack-up debt
Appeared in the Ottawa Sun, November 1, 2017 After a lengthy period of sluggish growth, Ontario’s economy has finally started to pick up steam. Which is good news for Ontario. And good news for Canada. Ontario represents about 40 per cent of the national ...
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Quebec unemployment rate now lower than Ontario’s
There’s a remarkable economic transformation underway in Quebec. The economy is growing and the unemployment rate is down. Indeed, Quebec’s unemployment rate (three-month moving average, seasonally adjusted) in July at 5.9 per cent is ...
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Ontario workers have little to celebrate this Labour Day
Appeared in the Toronto Sun, August 31, 2017 Labour Day is a time when we celebrate workers. Unfortunately, over the past three years, Ontarians have had little to cheer about the province’s labour market. While the Wynne government touted positive job ...
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Wynne government could take a few pointers from Liberal brethren in Quebec
Appeared in the Toronto Sun, August 13, 2017 Ontarians usually don’t follow closely the economic developments of their eastern neighbour but they certainly should. In fact, Premier Kathleen Wynne’s government could take a few pointers from their Liberal ...
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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 ...
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Wishful Thinking: An Analysis of Ontario’s Timeline for Shrinking Its Debt Burden
Since 2007/08, Ontario’s level of public debt has approximately doubled. As a result, the provincial debt-to-GDP ratio has climbed to historically high levels in recent years. In its 2017 budget, Premier Wynne’s government presented a timeline for ...