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1. Ontario surpasses Quebec in 'debt' race to the bottom

   Appeared in the Ottawa Sun, March 27, 2019 Ten years ago, in 2008, Quebec was the most indebted province in Canada while Ontario was in the middle of the pack. Back then, Quebec’s provincial government per-person debt load was approximately $4,100 more ...

2. Government debt—a snapshot of each province

   The 2018 edition of the Federal Fiscal Tables is out, so it’s a good time to review the state of provincial government debt in Canada, especially given that we are about 10 years out from the financial crisis and Great Recession. Even ...

3. Provincial government net debt up 89% in less than a decade

   After a lull spanning the first decade of the 21st century, it seems that provincial government debt is again on the rise. Based on figures compiled from the Federal Fiscal Reference Tables and plotted in the first chart below, total ...

4. Quebec now more creditworthy than Ontario

   Appeared in the Ottawa Sun, June 22, 2017 Standard & Poor’s decision to boost Quebec’s credit rating last week has an important symbolic consequence for neighbouring Ontario. The move, which raised Quebec’s credit rating from A+ to AA-, means that for ...

5. Ontario’s per-person debt burden will soon exceed Quebec’s

   Appeared in the Financial Post, December 15, 2015 Ontario and Quebec, Canada’s two largest provinces, recently released their fall updates on the state of government finances. The updates highlight a marked distinction in the progress that each province ...

6. Ontario’s per-person debt burden converging with Quebec’s

   Recently released government data points to a major fiscal shift occurring among Canada’s two largest and most indebted provinces. While Ontario continues down its path of deficit spending, Quebec is on track to balance its budget this ...