Ontario’s debt grew by 107 per cent over 10 years.
Ontario has seen its share of total provincial net debt rise to 51 per cent.
Ontario plans to add approximately $34 billion in new debt over the next three years.
Ontario and Quebec, Canada’s two largest provinces, recently released their fall updates on the state of government finances.
As recent as 2009/10, Quebec’s per-person net debt burden was approximately $4,400 higher than Ontario’s. That gap is projected to be just $1,100 this year.