Ontario's Ministry of Debt
Credit agencies have warned of future downgrades
By Canadian Taxpayers Federation Candice Malcolm—— Bio and Archives--June 5, 2014
Canadian News, Opinion | Comments | Back To Full Article
As the election heats up and politicians fall over themselves to promise the moon to voters, the single largest problem facing Ontario continues to be the province’s pitiful finances. Without addressing Ontario’s operating deficit, which ballooned to $12.5 billion in 2014, and the $11 billion in annual interest payments for the province’s public debt, we will continue to spiral into a permanent have-not province with a basket-case economy.
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