In the absence of additional action, Ontario budget deficits will continue to at least 2020-21.
First, it has to be a replacement to existing programs and not an add-on.
Ontario had to write-off $1 billion of taxpayer money from the General Motors/Chrysler bailout.
One of the justifications for the rising rates is to promote environmental responsibility and water conservation.
Regulatory red tape is resulting in fewer new homes than there otherwise would be with a growing pool of buyers, contributing to rising prices.
Higher energy costs have helped drive Ontario’s anemic economic performance.