Ontario racks up debt while ‘Rust Belt’ states largely balance their books

TORONTO—Despite a faster-growing stronger economy, Ontario has racked up more government debt than the nearby “Rust Belt” states in the U.S., finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The study, Ontario vs. the U.S. “Rust Belt”: Coping with a Changing Economic World, compares the economic and fiscal performance of Ontario and Quebec with Indiana, Michigan, Ohio, Pennsylvania and Illinois between 1999 and 2013.

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