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Ontario consistently fails to reduce government debt after recessions
The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24. ...
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Ontario lagging behind neighbours on key economic measures
Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate. ...
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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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Ford fiscal strategy resembles McGuinty/Wynne plans—with predictable results
By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion. ...
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Ford budget could represent turning point in Ontario fiscal history
Within two fiscal years of Chretien's 1995 budget, federal finances had moved from large deficits to surpluses. ...
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Lessons for the Ford Government from the 1995 Federal Budget
Chronic deficits since the 2008/09 recession have weakened Ontario’s public finances. The province’s debt-to-GDP ratio—a key measure of fiscal sustainability—increased from 27.8 percent to an estimated 47.0 percent of GDP by the end of 2020/21. ...
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Ontario’s debt legacy makes balancing budget harder
According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest. ...
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Three recessions tell Ontario’s debt story
It’s widely known that Ontario carries a significant debt burden. At the end of the 2019 fiscal year, Ontario’s debt stood at approximately $355 billion. RBC Economics forecasts that by the end of this year Ontario’s debt-to-GDP ratio (a ...
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Ontario needs growth and prosperity in all regions—not just two big ones
Appeared in the Ottawa Sun, November 27, 2019 Last week the Fraser Institute published a study on the economic performance of Atlantic Canada, which found that economic production (on a per-person basis) in the region was only 83.5 per cent of the average ...
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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. ...