Peter Munk Centre for Free Enterprise Education
Ontario and Alberta are projecting budget deficits for years to come.
Over the decade, Ontario ranked dead last for median household income growth.
Only New Brunswick and Nova Scotia created fewer private-sector jobs than Ontario, on average, each year between 2007 and 2016.
Ontario’s upcoming provincial budget will likely include a significant increase in government spending with an eye on the spring election.
Excluding Canada and the U.S., the average annual economic growth rate for the other five G7 countries over the past 20 years is 1.28 per cent.
Finance Minister Bill Morneau’s budget missed an opportunity to convince investors that Canada remains a desirable place to invest.
Nearly 40 per cent of second quarter growth came from the energy sector.
Economic growth expected to moderate dramatically starting next year.