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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. 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 ...

5. Ontario budget ignores past promises, offers no plan to enhance economic competitiveness

   Predictably, many of the headlines on Ontario’s 2018 budget, released today, focus on Premier Kathleen Wynne’s so-called “free” child care plan and other big-spending items. It is, after all, a big-spending budget. But crucially, the ...

6. The key fiscal lesson of Canada’s first 150 years—spend prudently

   As 2017 draws to a close, Canadians can reflect not only on the outcomes of the last year, but in this milestone 150th year of the federation, also where we are headed. What shall Canada’s economic achievements be as the next 50 years ...

7. Despite likely balanced budget, Ontario’s deficit dragon not dead yet

   Finance Minister Charles Sousa will deliver Ontario’s spring budget on April 27 and the expectation is that Ontario will deliver a balanced budget for the first time since the onset of the Great Recession. Ontario has now run nine ...

8. A Brief History of Ontario Public Debt

   Appeared in the Financial Post Ontario’s net public debt is estimated at $287.3 billion and will hit nearly $320 billion by 2017.  The evolution of this daunting number is an interesting story as the spring budget approaches. Much like Rome, Ontario’s ...