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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 ...
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Ontario government committed to increasing debt load for future generations
Appeared in the Ottawa Sun, November 10, 2016 Another week, another report showing Ontario’s finances are in dire straits. This time, the report was issued by the province’s Financial Accountability Office (FAO), which showed the province on track to rack ...
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Ontario racking up debt faster than any other province; soon to surpass Quebec as most indebted
Appeared in the Ottawa Sun, March 14, 2016 Ontario’s provincial finances are in bad shape. The government’s recent budget confirmed that the province will run its ninth consecutive multi-billion dollar budget deficit in 2016/17, with debt set to surpass ...
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Debt Accumulation in Ontario Compared to Other Provinces
A recent Fraser Institute study showed that Ontario’s provincial government has accumulated debt rapidly in recent years. In fact, Ontario has acquired more than half of its nearly $300 billion net debt (a measure that adjusts for financial assets) since ...
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Ontario usurps California's role as poster child for bad fiscal management
Appeared in the Ottawa Citizen It has been more than two years since an independent commission submitted its report to the Ontario government on the province's poor public finances and high government debt. The report's findings were sobering. ...