TORONTO—once a Canadian leader in fiscal management—has become the poster child for financial mismanagement along with Alberta, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“At the turn of the century, Ontario could boast as having a relatively strong fiscal record while Quebec fell behind in terms of provincial financial management, but times have changed—Quebec is now showing encouraging signs of turning its troubles around, and Ontario is still in decline,” said Charles Lammam, director of fiscal studies at the Fraser Institute and co-author of Canada’s Past Fiscal Leaders Are Now Fiscal Laggards: An Analysis of 2017 Provincial Budgets.
