ontario finances

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.


3:23PM
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Ford fiscal strategy resembles McGuinty/Wynne plans—with predictable results

By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion.


10:48AM
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Ford budget could represent turning point in Ontario fiscal history

Within two fiscal years of Chretien's 1995 budget, federal finances had moved from large deficits to surpluses.


11:57AM
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Ontario’s debt legacy makes balancing budget harder

According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest.


9:48AM
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Three recessions tell Ontario’s debt story

In 1990, Ontario’s debt-to-GDP ratio stood at 13 per cent.


9:33AM
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Ontario needs growth and prosperity in all regions—not just two big ones

The Toronto and Ottawa metropolitan areas were responsible for 98.6 per cent of all net job growth in the province.