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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. 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. ...

3. 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 ...

4. 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 ...

5. 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 ...