Ontario racking up debt faster than any other province

Ontario is responsible for 56% of new provincial net debt, despite accounting for about 40% of Canada’s population and economic output

Ontario racking up debt faster than any other provinceBy Ben Eisen and Charles Lammam The Fraser Institute Ontario’s provincial finances are in bad shape. The government’s recent budget confirmed that the province will run its ninth consecutive multi-billion dollar budget deficit in 2016/17, with debt set to surpass $300 billion. Relative to the size of its economy, Ontario is now the second most…

Ontario in no position to increase teacher salaries

Expenditures per student have already increased by 34 per cent over the last decade

Ontario in no position to increase teacher salariesBy Deani Van Pelt and Ben Eisen The Fraser Institute The Ontario Secondary School Teachers’ Federation, one of Ontario’s largest teachers’ unions, wants to bolster its strike fund, apparently readying itself for possible labour action when its current contract expires in August 2017. For the sake of students, parents, and rank-and-file teachers who would rather…

Wynne ignores lessons about the pitfalls of cap and trade

Ontarian households are going to feel the pain, while politically connected industries will reap a windfall

Wynne ignores lessons about the pitfalls of cap and tradeLast week, the Ontario government released draft regulations under which 102 large industrial emitters will get free allowances to produce greenhouse gases (GHGs) at current levels in 2017 and would then have to reduce their emissions by more than four per cent a year until 2020. Distributors of gasoline, home heating fuel and natural gas…

Canada’s former economic leaders now its fiscal laggards

Canada cannot reach its full potential if Alberta and Ontario are economically weak and burdened by unsound fiscal policies

Canada’s former economic leaders now its fiscal laggardsBy Charles Lammam and Ben Eisen The Fraser Institute Not long ago, Ontario and Alberta were the economic engines of Canada, boasting solid rates of economic growth and comparatively sound government finances. How times have changed. Ontario’s economy has deteriorated to the point where it’s now an equalization-receiving “have-not” province. Meanwhile, Alberta has frittered away…

Loss of Ontario cropland exaggerated

Ontario cropland has increased since the 1950s, while farming efficiency also improved

Loss of Ontario cropland exaggeratedBy Glenn Fox and Kenneth P. Green The Fraser Institute In the song Big Yellow Taxi, Joni Mitchell beautifully encapsulated angst about the way we use land: “Don’t it always seem to go, that you don’t know what you’ve got till it’s gone. They paved paradise and put up a parking lot.” This lyric resonates…

$137 gets you None of the Above

Ontario byelection candidate Sheldon Bergson legally changed his name to ensure that voters could choose none of the above

$137 gets you None of the AboveHave you ever gone to vote in an election, looked at the list of candidates, and said to yourself, “Man, I’d rather support none of the above.” Well, guess what? Some voters will actually have this opportunity. Sort of. On Feb. 11, a provincial byelection will be held in the Ontario riding of Whitby-Oshawa. The…

Ontario needs to speed up its deficit reduction

The government’s recent record on fiscal issues casts doubt on whether it will meet this target

Ontario needs to speed up its deficit reductionBy Ben Eisen and Charles Lammam The Fraser Institute The Ontario government has pledged to eliminate its budget deficit by 2017/18. However, the government’s recent record on fiscal issues casts doubt on whether it will meet this target. To balance the books and begin getting its fiscal house in order, the government must develop a…

Another warning sign for the Ontario economy

The province may not be able to meet its balanced budget target

Another warning sign for the Ontario economyBy Ben Eisen and Charles Lammam The Fraser Institute The Ontario government has dug itself deep into debt and continues to spend more than the revenue it brings in each year. While it has pledged to eliminate the deficit by 2017/18, a new report from the government’s own Financial Accountability Office (FAO) casts further doubt…
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