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1. Successive Ontario governments increased net debt from $139 billion to $338 billion

   The Ford government today released its fall economic and fiscal update, which includes taxation and spending changes, with Finance Minister Vic Fedeli noting that the "fiscal hole is deep.” However, perhaps the most telling ...

2. Provincial finances in trouble—spotlight Central Canada

   The Parliamentary Budget Office (PBO) recently published its annual fiscal sustainability report, which provides long-term projections to assess the sustainability of public finances for the federal government and the provinces. In this ...

3. Ontario has a $15 billion deficit—not the $6.7 billion claimed by the previous government

   The Ontario government’s review of provincial finances is finally out, and the picture is even grimmer than what the auditor general and the Financial Accountability Office have presented. The key findings confirm that Ontario since 1990 ...

4. Ontario’s new government should genuinely reform province’s electricity system

   Ontarians opted for change in last week’s provincial election, choosing the Progressive Conservative Party of Ontario to form government. Now it’s time for the new government to do what it was elected to do—show leadership on electricity ...

5. A lagging housing supply drives Ontario’s affordability woes

   The Wynne government almost exclusively targeted housing demand—not supply. ...

6. Ontario’s election—the real economic issues

   Ontario’s June 7 election may be a watershed moment as the new government will deal with an economy that, despite the recent improvement, still faces major challenges with employment and investment, given a housing boom is not a ...

7. Ontario’s net debt may hit $500 billion by 2026-27

   The size of Ontario’s provincial deficit has become a matter of some debate. The Wynne government’s 2018 budget projected a deficit of $6.7 billion. But according to a recent report from the auditor general, Ontario’s deficit may be even ...

8. How the Wynne government killed the economics of building new rental units

   In an attempt to promote the construction of rental properties, Ontario’s Wynne government has announced it will fund 13 Ontario municipalities to rebate local fees for rental housing builders. Queen’s Park hopes that, by giving $125 ...

9. The high cost of getting climate policy wrong

   The Internet is abuzz over a recent report by the Parliamentary Budget Office (PBO) that shines some light on the potential impact of the federal carbon tax plan on Canada’s economy. Specifically, the report shows that the carbon price ...

10. Actually, including capital spending, Ontario’s deficit is more than $32 billion

    Ontario’s 2018 provincial budget saw total operating expense reach $158.5 billion with total revenues at $152.5 billion, for a deficit of just over $6 billion. But there has been some debate over government accounting methods and the ...