While Ontario’s population is about one third of California’s, its debt load is more than double that of the biggest U.S. state.

With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower

By News on the Net Financial Post—— Bio and Archives--July 21, 2015

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Ontario, the world’s most indebted sub-sovereign borrower, is ploughing ahead with Canada’s most ambitious infrastructure plan — risking the censure of Standard & Poor’s and underperformance for its $307 billion of bonds.

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