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21st century economies fight over a 20th century industry
Last month, President Trump imposed a 25 per cent tariff on steel and steel products, and a 10 per cent tariff on aluminum. Initially the tariffs applied to all foreign producers exporting those products to the United States. But Trump ...
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At least 1.8 million Ontarians will pay more in income taxes
Ontario’s recent budget is jammed packed with new policies ahead of the upcoming provincial election. But what’s missing is any sign that the government wants to improve its uncompetitive personal income tax (PIT) system. In fact, the ...
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Ontario budget ignores past promises, offers no plan to enhance economic competitiveness
Predictably, many of the headlines on Ontario’s 2018 budget, released today, focus on Premier Kathleen Wynne’s so-called “free” child care plan and other big-spending items. It is, after all, a big-spending budget. But crucially, the ...
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Ontario ignores warning signs from Quebec, announces subsidized child care plan
On the eve of their provincial budget release, the Ontario Liberals have announced their intention to make child care services “free” in the province. Starting in 2020, Premier Kathleen Wynne promises that all children between the age of ...
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Ontario’s throne speech ignores growth and competitiveness
On Monday, Premier Wynne’s government delivered its throne speech to layout its vision for the rest of its mandate and the future. Much will be said and written about what the speech discussed at length (various new government ...
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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 ...
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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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Cryptocurrency investors eye provinces with low electricity rates
Recent media reports suggest lower power costs in some provinces could make Canada an attractive destination for bitcoin miners to run their power-hungry operations, with a Chinese firm already considering establishing a bitcoin ...
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If Toronto millennials want more density, there’s plenty of room to grow
Last November, the Toronto Region Board of Trade published a survey of young professionals (aged 18 to 39) where respondents expressed overwhelming support for higher residential density as a way of boosting the housing supply. Indeed, ...
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If Premier Wynne wants to boost low-wage worker pay, she should cut Ontario’s corporate tax rate
The flaws in Ontario Premier Kathleen Wynne’s plan to raise the pay of low-wage workers are quickly becoming apparent. On Jan. 1, the Wynne government increased Ontario’s minimum wage sharply by 21 per cent and it immediately backfired ...