Peter Munk Centre for Free Enterprise Education
In 2016-17, the deficit was $0.991 billion but $6.276 billion was added to the net debt.
As the economic role of government expanded in 20th century Canada, governments lost sight of the law of diminishing returns.
Ontario’s unemployment rate crept up slightly to 5.9 per cent in October.
Ontario’s net debt will rise to a projected $336 billion.
Ontario has seen its share of total provincial net debt rise to 51 per cent.
The province's projected $10.3 billion deficit for 2017/18 could be much higher.
Business owners worry about rising electricity costs.
The federal government plans to spend $8,337 (per person) this fiscal year.