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An Assessment of Recent Economic Performance and Business Investment Growth in Ontario
Over the first two decades of the 21st century, Ontario has been mired in a prolonged period of slow economic growth. This bulletin provides the context for this situation by examining the extent of Ontario’s economic weakness since the turn of ...
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Ford government pursuing McGuinty-style deficit-reduction strategy
According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24. ...
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Ontario among region’s poorest jurisdictions
Michigan’s per capita GDP was $3,911 higher than Ontario's. ...
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Say goodbye to Ontario’s ‘lost decade’ of debt and economic pain
Appeared in the Ottawa Sun, December 18, 2019 The 2010s are drawing to a close. Unfortunately, it was a disastrous decade for the Ontario government’s financial health. It’s worth looking back at the damage to help us understand the importance of not ...
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Ford government remains Wynne-like with the deficit
Appeared in the Toronto Sun, September 12, 2019 Last week, a special “Blue Ribbon” panel on Alberta’s finances published its final report, which includes a plan to balance Alberta’s budget and stop the province’s rapid debt accumulation. Among other ...
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Ford government should act to improve Ontario’s improving economy
Appeared in the Ottawa Sun, September 5, 2019 There has been some good economic news lately in Ontario. The economy is growing, unemployment is down, and average weekly wages are up. All of this is welcome news. It’s important, however, to understand that ...
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Ford’s former finance minister proffers sound advice for his successor
Appeared in the Ottawa Sun, June 26, 2019 Last week, Premier Doug Ford announced a major cabinet shuffle in Ontario. Among the most important moves was the removal of Vic Fedeli (pictured above) as finance minister, to be replaced by Rod Phillips. ...
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Globe and Mail understates Ontario’s fiscal challenge
Appeared in the Ottawa Sun, June 5, 2019 Last week, the Globe and Mail published an editorial discussing Ontario’s fiscal challenges, which badly misses the mark. The editorial argues that the Ford government need not concern itself with its stated ...
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Ford government's slow and steady fiscal approach fraught with risk
Appeared in the Ottawa Sun, May 8, 2019 The Ford government has a five-year plan to balance the province’s budget by 2023/24. The government’s strategy is to continue increasing nominal spending—but at a slower rate than government revenue is forecasted ...
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Ontario surpasses Quebec in 'debt' race to the bottom
Appeared in the Ottawa Sun, March 27, 2019 Ten years ago, in 2008, Quebec was the most indebted province in Canada while Ontario was in the middle of the pack. Back then, Quebec’s provincial government per-person debt load was approximately $4,100 more ...