Ontario needs to look to Quebec for debt management strategies

Governments need to start planning for the recovery and developing plans to put their finances in order

Ontario needs to look to Quebec for debt management strategiesBy Steve Lafleur and Jake Fuss The Fraser Institute As expected, every government budget in Canada this year has been covered in red ink. The pandemic has squeezed tax revenue while governments have boosted spending to combat the public health crisis and deep recession. But after a year of social distancing and with the rollout…

Ontario government’s budget built on a hope and a prayer

Ford government acting like an ostrich with its head firmly buried in the sand

Ontario government’s budget built on a hope and a prayerAs Ontario’s finance minister rose in the legislature to present the government’s 2021 budget, it became painfully clear that the Ford government is acting like an ostrich with its head firmly buried in the sand. When the Ford government released its first pandemic budget in November of 2020, then-finance minister Rod Phillips promised that a…

Ballooning sunshine list a slap in the face to taxpayers

A 10% pay cut for all sunshine listers would save beleaguered taxpayers more than $2.5B

Ballooning sunshine list a slap in the face to taxpayersWhile most Ontarians were barely getting by during lockdowns, the bill for Ontario top bureaucrats ballooned in 2020. There are still 800,000 Ontarians looking for a job. So, it must be jarring for them to see Ontario’s sunshine list, which discloses the municipal and provincial government employees making more than $100,000 per year, increased by…

Policy uncertainty continues to hurt Canada’s mining industry

To attract the investment required to develop resources, mitigating the risks of policy uncertainly needs to be a top priority

Policy uncertainty continues to hurt Canada’s mining industryBy Jairo Yunis and Elmira Aliakbari The Fraser Institute The COVID recession has hurt Canada’s natural resources sector, with supply disruptions, commodity price declines and greater uncertainty regarding future demand. Not surprisingly, capital investment in the Canadian mining industry has dropped to its lowest level since 2009. Of course, business investment should be a key…

Students will be stuck paying the pandemic debt tab

The lingering financial fallout from the pandemic will cost our students for the rest of their lives

Students will be stuck paying the pandemic debt tabThe pandemic has been hard on students of all ages. As many parents can attest, their children have missed the social interaction at school and have struggled to focus during online learning. Post-secondary students have missed out on important and exciting life experiences, too. But even after in-class and on-campus learning has resumed to near…

Fat-cat Ontario politicians shouldn’t laugh off taking pay cuts

The least elected officials could do is to take a pay cut to show some solidarity with the suffering taxpayers

Fat-cat Ontario politicians shouldn’t laugh off taking pay cutsFew images could inspire as much disgust as a bunch of fat-cat politicians laughing at the suggestion of pay cuts while hundreds of thousands of their constituents struggle with the stinging reality of job loss. But Ontarians didn’t have to use their imaginations last week because this loathsome spectacle was on full display in the…

History shows a path to resolve lobster fisheries dispute

Non-Indigenous fishers in Atlantic region need not be worried that Indigenous rights will come at the expense of conservation

History shows a path to resolve lobster fisheries disputeA dispute in Ontario may help us understand ongoing tensions over the lobster fisheries on the East Coast and offer a solution. The war over Indigenous fishing rights has played out before in Canada. As we reflect on recent violence in Nova Scotia over the lobster fisheries, it’s important to know if there are any…

Ontario government must avoid fiscal mistakes of its predecessors

The government must craft a credible short-term plan to eliminate the budget deficit

Ontario government must avoid fiscal mistakes of its predecessorsBy Steve Lafleur and Jake Fuss The Fraser Institute The Ford government released Ontario’s 2020/21 third quarter fiscal update last week. As expected, the numbers were ugly. The Department of Finance now anticipates a $38.5 billion budget deficit for this fiscal year. Moreover, the Financial Accountability Officer projects that while the deficit will decrease substantially…

Ontario must quickly balance budget in wake of pandemic

Deficits might seem like an abstract problem for the future but in Ontario this simply isn’t the case

Ontario must quickly balance budget in wake of pandemicBy Steve Lafleur and Jake Fuss The Fraser Institute New Ontario Finance Minister Peter Bethlenfalvy inherits a difficult job from Rod Phillips. The province’s fiscal challenges long predate the pandemic. The province has mostly run uninterrupted budget deficits since 2008-09. The governments of both Dalton McGuinty and Kathleen Wynne sketched out long paths to budget…

Higher electricity costs disproportionally hurt southwestern Ontario

A cautionary tale about how higher energy prices lower competitiveness and damage economic prosperity

Higher electricity costs disproportionally hurt southwestern OntarioBy Elmira Aliakbari and Jason Clemens The Fraser Institute Ontarians understand the personal costs of increased electricity prices caused largely by the province’s Green Energy Act. But the effect on Ontario’s competitiveness, particularly in manufacturing, has been largely ignored even though the costs continue to be substantial. The Green Energy Act mandated and subsidized renewable…