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More compensation restraint would help ease Ontario’s budget troubles
Appeared in the Waterloo Region Record, April 9, 2015 Amid a gathering fiscal storm, the Ontario government will soon table its budget for the coming fiscal year and beyond. There’s a lot riding on getting things right. A recent study found that debt is ...
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The myth of education spending cuts in Ontario
Appeared in the Financial Post Soon, the Wynne government will present its first budget since being re-elected with a majority last June. This will be a critical test, particularly with respect to the bond market and credit rating agencies. The governing ...
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A Brief History of Ontario Public Debt
Appeared in the Financial Post Ontario’s net public debt is estimated at $287.3 billion and will hit nearly $320 billion by 2017. The evolution of this daunting number is an interesting story as the spring budget approaches. Much like Rome, Ontario’s ...
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How Compensation Spending Consumes Provincial Government Resources in Ontario
This report measures the growth in provincial government compensation spending in Ontario and how such spending has consumed government resources from 2005/06 to 2013/14 (latest year of available data). Over the period, increases in compensation spending ...
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Saskatchewan attracts mining investment while land-claims disputes damage Ontario and B.C.
Appeared in the Financial Post The mining industry contributes mightily to Canada’s economic prosperity, adding $54 billion to Canada’s GDP and employing roughly 383,000 Canadians at an average annual salary of more than $110,000 in 2013. But Canada has a ...
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Western weakness won’t help Ontario’s budget woes
Appeared in the National Post With the plunge in oil prices over the last six months (and already soft natural gas prices), it’s not headline news to note that provinces heavily dependent on energy-related revenues are suffering. The decline in the ...
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Government compensation outpacing the private sector in Ontario
Appeared in the Financial Post The Ontario government is currently neck deep in negotiations with public sector unions including those representing bureaucrats, teachers, and police officers. On compensation costs, finance minister Charles Sousa said: “We ...
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Comparing Government and Private Sector Compensation in Ontario
Ontario’s serious fiscal challenges are well documented. As the provincial government struggles to eliminate its deficit and rein in growing government debt, it has signaled that managing public sector compensation (which totals over half of its program ...
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Balancing the Ontario budget by 2017-18 just a pipe dream
Appeared in Waterloo Region Record, Stratford Beacon Herald, Woodstock Sentinel Review, and Winnipeg Free Press Ontario’s provincial government wants a balanced budget for the 2017-18 fiscal year, and Finance Minister Charles Sousa is adamant that Ontario ...
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Ontario debt gouges tomorrow’s taxpayers for today’s spending
Appeared in the National Post Many Ontarians have likely heard a horror story or two about their government’s growing debt and the resulting strain on public finances. You can’t blame them. Sources of evidence abound. Consider the sobering comparisons ...