The Province of Ontario with twice the debt of California making it now the world’s most indebted sub-sovereign borrower, saddled Canada with its first lib-left government in more than a decade in elections tonight.
Prime Minister Elect Justin Trudeau’s friendship with the high spending Ontario Premier Kathleen Wynn is a matter of public record. Ontario has a whopping $307 billion in bond debt; spends less per person on delivering service than any other province in Canada, yet still has a higher annual operating deficit.
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