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  1. Ontario budget deficit likely larger than forecast

    We recently blogged on the Ontario government’s March 2020 Economic and Fiscal Update (hereafter simply referred to as the Fiscal Update), which we concluded was too optimistic in its economic and revenue assumptions, and included new ...

  2. Dear Mr. Clark, please tell the premier revenue is not Ontario’s problem

    Appeared in the Financial Post According to the Globe and Mail, Ontario Premier Kathleen Wynne has a new advisor, former TD Bank chief executive officer, Ed Clark. Mr. Clark will apparently advise the government on a host of issues including finding new ...

  3. Ontario vs. U.S. Rust Belt: No Excuse for Deficits

    Appeared in the Globe and Mail Despite the talk of painful austerity, Ontario’s recent budget continues to bleed red ink. Finance Minister Charles Sousa projects a deficit this year of $8.5 billion, and doesn’t predict an actual balancing of the books ...

  4. Ontario vs. California Indebtedness

    Appeared in the Financial Post I do not want Ontario to become like California Finance Minister Dwight Duncan once proclaimed. And it's not hard to understand why, California is a fiscal nightmare. It has the lowest bond rating in the United States ...

  5. Ontario vs. California: Who's Really in Debt?

    Appeared in the Toronto Sun Kathleen Wynne celebrated this week after winning the Ontario Liberal leadership and the premier’s job. But now comes the hard part, finding a way to return Ontario’s finances to a stable, sustainable path. Part of the ...

  6. State of Ontario's Indebtedness

    The essays collected for this publication are designed to provide readers and particularly those in Ontario a better sense of where the province?s debt stands today, the expectations for the future, and warnings about the likely costs of inaction. Part of ...

  7. Ontario's 2012 budget a missed opportunity

    Appeared in the Financial Post On Tuesday, Ontario Finance Minister Dwight Duncan had one of those rare opportunities of which politicians can only dream. With his province heading toward a fiscal crisis caused by mounting debt and out-of-control spending ...