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Ontario government has made COVID economic pain even worse
The Greenbelt Act helped drive up residential housing prices in the Greater Toronto Area. ...
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Reliance on housing investment creates prosperity mirage in Ontario
The provincial net debt-to-GDP ratio went from about 5 per cent in the 1960s to more than 40 per cent in 2020. ...
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Ontario employment gains—an uneven picture
According to the most recent Statistics Canada Labour Force Survey, Ontario saw an increase of 58,000 jobs in August. But the evidence suggests that all’s not coming up roses after one looks at the longer-term picture across Ontario’s ...
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Dear Premier Ford, please look forward—not back
Appeared in Maclean's, September 26, 2018 This week, Ontario Premier Doug Ford created a committee to investigate the previous Liberal government’s handling of provincial finances including its accounting methods. Premier Ford compared Liberal ...
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Ontario’s $15 billion deficit underscores need for swift bold action
Appeared in the Ottawa Sun, September 25, 2018 Last week the Ford government reported on the state of Ontario’s finances. Turns out, when proper accounting methods are applied and up-to-date economic projections used, Ontario’s deficit is larger than ...
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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 ...
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Ontario’s fiscal paradox—a balanced budget and mounting debt
Ontario has wrapped up its 2018 pre-budget public consultations as it prepares to deliver its next provincial budget. Ontario Finance Minister Charles Sousa confirmed in the fall fiscal statement that Ontario’s 2018 budget will be ...
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Wynne government embarks on spending spree despite looming economic storm clouds
Ontario’s economy is on a bit of a roll lately, with unemployment rates at the lowest they have been in some time and real GDP growing. While Canada’s real GDP was up 1.4 per cent in 2016, Ontario’s was up 2.6 per cent—the second-fastest ...
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Quebec unemployment rate now lower than Ontario’s
There’s a remarkable economic transformation underway in Quebec. The economy is growing and the unemployment rate is down. Indeed, Quebec’s unemployment rate (three-month moving average, seasonally adjusted) in July at 5.9 per cent is ...
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Economic bright spots no justification for increased government spending in Ontario
There’s some recent evidence that Ontario’s economy is igniting and may be poised to once again become Canada’s economic engine. Indeed, Canada’s major banks have released forecasts that Ontario will lead the country in economic growth ...