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Government debt interest costs will crowd out essential spending in Ontario
Ontario's debt interest costs will rise by 21 per cent. ...
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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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Ford government presiding over massive growth of debt and debt interest costs
Ontario's projected net government debt will eclipse $585 billion by 2029-30. ...
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Ford government should address Ontario’s structural problems in upcoming budget
Most of Ontario’s February employment gains were for part-time work. ...
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Ontario stuck in vicious cycle of deficits and debt accumulation
After a pandemic-induced delay, Ontario will release its provincial budget this Thursday and Finance Minister Rod Phillips has already said the budget will focus on COVID response measures. Earlier, the Financial Accountability Office of ...
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Simply balancing Ontario’s budget won’t stop debt surge
Ontario’s fall economic and fiscal statement delivered by this week Finance Minister Rod Phillips reveals a slower process towards budget balance. Revenue in 2019-20 will be $155.8 billion compared to $153.7 billion for the previous year, ...
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Ford government should more forcefully target deficit, housing costs
Ontario’s Fall Economic Statement will be released next week and will set the stage for the Ford government’s second budget and policy direction. This will come after last year’s retreat from a mishandled program of expenditure restraint. ...
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Ford government counting on revenue growth to outpace spending
Well, it’s been several weeks since the first Ford government tabled it’s first budget and a more detailed analysis suggests it’s a fiscally gradualist budget whose aim is to reduce expenditure growth below the rate of revenue growth to ...
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How to start cleaning up Ontario's finances—fast
Appeared in the National Post, July 25, 2018 As Ontario’s new government takes charge, public attention has focused on the moves made on education and the management of Hydro One. However, the most important task remains outstanding—dealing with the ...
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Ontario's economy remains weak compared to past performance
While the latest economic news for Canada’s resource-based provinces has been grim, Ontario is being presented as a bright patch. Indeed, given the surge in GDP growth announced for January that was lead by manufacturing and recent ...