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1. Successive Ontario governments increased net debt from $139 billion to $338 billion

   The Ford government today released its fall economic and fiscal update, which includes taxation and spending changes, with Finance Minister Vic Fedeli noting that the "fiscal hole is deep.” However, perhaps the most telling ...

2. Ontario has a $15 billion deficit—not the $6.7 billion claimed by the previous government

   The Ontario government’s review of provincial finances is finally out, and the picture is even grimmer than what the auditor general and the Financial Accountability Office have presented. The key findings confirm that Ontario since 1990 ...

3. 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 ...

4. Ontario’s net debt may hit $500 billion by 2026-27

   The size of Ontario’s provincial deficit has become a matter of some debate. The Wynne government’s 2018 budget projected a deficit of $6.7 billion. But according to a recent report from the auditor general, Ontario’s deficit may be even ...

5. Actually, including capital spending, Ontario’s deficit is more than $32 billion

   Ontario’s 2018 provincial budget saw total operating expense reach $158.5 billion with total revenues at $152.5 billion, for a deficit of just over $6 billion. But there has been some debate over government accounting methods and the ...

6. Debt and decline—Ontario’s challenges in three snapshots

   Ontario’s upcoming provincial budget will likely include a significant increase in government spending with an eye on the spring election. Liberal Finance Minister Charles Sousa has already indicated that the pre-election budget will now ...

7. 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 ...

8. The key fiscal lesson of Canada’s first 150 years—spend prudently

   As 2017 draws to a close, Canadians can reflect not only on the outcomes of the last year, but in this milestone 150th year of the federation, also where we are headed. What shall Canada’s economic achievements be as the next 50 years ...

9. 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 ...

10. 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 ...