Search

Search results

  1. 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. ...

  2. 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. ...

  3. Ford government pursuing McGuinty-style deficit-reduction strategy

    According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24. ...

  4. Ford fiscal strategy resembles McGuinty/Wynne plans—with predictable results

    By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion. ...

  5. 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. ...

  6. 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. ...

  7. 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. ...

  8. 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 ...

  9. 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 ...

  10. 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. ...