ontario finances

3:30AM
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Ontario government’s rapid spending growth drives deficits and debt

The province’s $5.6 billion operating deficit is just the tip of the iceberg.


8:00AM
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To restore Ontario’s finances, Ford government must end carefree spending

The province's government debt burden equals 38.7 per cent of the provincial economy.


9:30AM
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Ontario government’s spending habits belie claims of fiscal restraint

The province's spending is forecasted to be $29.4 billion higher than previously projected for 2022/23.


10:56AM
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Ontario’s fiscal challenges—is there political will to address them?

Despite years of criticizing its predecessors for reckless spending, the Ford government has followed a similar fiscal path.


11:30AM
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Ontario clings to illusion of fiscal sustainability
Since 1990, the province's net debt-to-GDP ratio has grown from 13 per cent to 43 per cent.

9:24AM
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Ontario economy lags far behind nearby U.S. states

Compared to Ontario, the average per-capita GDP is 32.7 per cent higher in the rest of the Great Lakes region.


9:34AM
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Ontario consistently fails to reduce government debt after recessions

The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24.


10:05AM
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Ontario lagging behind neighbours on key economic measures

Between 2000 and 2019, New York's average per-person GDP growth more than doubled Ontario's growth rate.


2:10PM
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Ford government pursuing McGuinty-style deficit-reduction strategy

According to government forecasts, Ontario’s debt will climb to $502 billion in 2023/24.