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Rising cost of doing business in Ontario chasing away business investment
After more than a decade of comparatively weak economic performance, there are finally some green shoots for Ontario’s economy. Unemployment in the province is at its lowest in 16 years, and the province is expected to be near the top of ...
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Dependence on housing leaves Ontario economy vulnerable
Appeared in the Toronto Sun, July 5, 2017 Ontario traditionally has been Canada’s engine of growth. However, over the past decade it has slipped to “have not” status that receives equalization payments. While housing recently has provided a temporary ...
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Ontario's One Cylinder Economy: Housing in Toronto and Weak Business Investment
Economic growth in Ontario has lagged Canada since 2003, reducing the province to ‘have-not’ status within Confederation. One theme that runs throughout the paper’s analysis is the persistent weakness of Ontario’s manufacturing sector, where output has ...
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Seattle’s higher minimum wage has lowered earnings for low-wage workers
The Wynne government in Ontario recently followed Alberta’s lead, announcing a plan to move to a $15 minimum wage. British Columbia is also debating a $15 minimum wage, and the idea will no doubt continue to be hotly debated in Canada ...
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Quebec now more creditworthy than Ontario
Appeared in the Ottawa Sun, June 22, 2017 Standard & Poor’s decision to boost Quebec’s credit rating last week has an important symbolic consequence for neighbouring Ontario. The move, which raised Quebec’s credit rating from A+ to AA-, means that for ...
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Premier Wynne gets the facts wrong about minimum wage earners in Ontario
When the Ontario government announced its plan to raise the minimum wage to $15 per hour last month, Premier Kathleen Wynne made a glaringly false statement about the reality of minimum wage earners. Specifically, she said: “Millions of ...
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First Nations can’t veto Ring of Fire development in northern Ontario
Appeared in the Waterloo Region Record, June 17, 2017 It’s often said that successful First Nations must operate at the speed of business, not the speed of government. That saying certainly applies to First Nations affected by the Ring of Fire mining ...
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Minimum wage hikes in Ontario likely means lower youth employment
Premier Wynne’s government recently announced a plan to hike Ontario’s minimum wage by 32 per cent, from its current rate of $11.40 to $15 by 2019. We’ve already written that such a large and rapid increase in the minimum wage is likely ...
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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 ...
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Trade war with U.S. states would hurt Ontario economy
Last week, Texas lawmakers passed a protectionist “Buy American” bill, which would require public construction projects in the state to use iron and steel manufactured in the U.S. The bill, which now only requires the signature of the ...