Ontario's economy to top Canada's provincial growth rankings in 2015
- Thread starter mentalfloss
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Goodness gracious, this news as determined by a Toronto based consulting group will surely give Flossy the vapours.
Toronto group ranks Calgary third in global prosperity ratings | Calgary Herald
Toronto group ranks Calgary third in global prosperity ratings | Calgary Herald
I think that's exactly what's happened here. I've always argued that the "Alaska model" works best. Decide what level of service you want and tax people accordingly. Oil revenue should be split between rebates and infrastructure.
Ontario's deficit sits $1.6 billion lower than projected
TORONTO -- A slump in oil prices, low interest rates and a weaker loonie may be hurting Alberta's economy, but Ontario's finance minister says they're giving his province some much-needed "breathing room" as it tackles a $10.9-billion deficit.
The revised deficit figure, announced Tuesday by Finance Minister Charles Sousa, is lower than the previously projected $12.5 billion, but critics and opposition leaders remain skeptical about the Liberal government's ability to balance the books in two years, as promised.
It's estimated that Ontario's economy will grow by 2.7 per cent next year, Sousa said, positioning the province "as an island of economic calm in a turbulent world."
While the drop in oil prices has affected Ontario companies that service refineries, the province is an importer of oil and lower oil prices have meant lower costs for businesses and manufacturers, Sousa said.
"Lower oil prices, lower interest rates and a lower dollar are together giving us some welcome breathing room," Sousa said Tuesday in a speech to the Toronto Region Board of Trade, though he cautioned it may only be temporary.
In Alberta, the budget tabled last week increases taxes and fees across the board and runs the largest deficit in the province's history at $5 billion. Premier Jim Prentice has billed the document as necessary to make up for billions in lost oil revenue and to insulate the province's day-to-day spending from roller-coaster swings in energy prices.
Ontario's deficit sits $1.6 billion lower than projected: Sousa | CTV London News
TORONTO -- A slump in oil prices, low interest rates and a weaker loonie may be hurting Alberta's economy, but Ontario's finance minister says they're giving his province some much-needed "breathing room" as it tackles a $10.9-billion deficit.
The revised deficit figure, announced Tuesday by Finance Minister Charles Sousa, is lower than the previously projected $12.5 billion, but critics and opposition leaders remain skeptical about the Liberal government's ability to balance the books in two years, as promised.
It's estimated that Ontario's economy will grow by 2.7 per cent next year, Sousa said, positioning the province "as an island of economic calm in a turbulent world."
While the drop in oil prices has affected Ontario companies that service refineries, the province is an importer of oil and lower oil prices have meant lower costs for businesses and manufacturers, Sousa said.
"Lower oil prices, lower interest rates and a lower dollar are together giving us some welcome breathing room," Sousa said Tuesday in a speech to the Toronto Region Board of Trade, though he cautioned it may only be temporary.
In Alberta, the budget tabled last week increases taxes and fees across the board and runs the largest deficit in the province's history at $5 billion. Premier Jim Prentice has billed the document as necessary to make up for billions in lost oil revenue and to insulate the province's day-to-day spending from roller-coaster swings in energy prices.
Ontario's deficit sits $1.6 billion lower than projected: Sousa | CTV London News
HEY LET'S ALL LOOK OVER THERE !
No need to talk about the topic at hand .
Great Ontario is no longer a have not Province and will once again be contributing to the economic growth and stability of Canada .
No more equalization .
Great we didn't add the whole 12.5 billion to the debt .
Actually, she's not. If you read the RBC report, Ontario is starting to do better through nothing that she's done or policies she's implemented, not unlike the US where Obama hasn't done squat for the economy either, but the US economy has started to improve too.
Having said that, in Alberta it's been just the opposite -
JMHO
Be sure to get in a (false) attack on Obama in a thread about the Canadian (specifically Ontario) economy.
Aside from that, I love right-wingers. They hold as religious belief that the government should stay out of the economy, then piss and moan when the government doesn't intervene in the economy.
Aside from that, I love right-wingers. They hold as religious belief that the government should stay out of the economy, then piss and moan when the government doesn't intervene in the economy.
It does hurt, but at least the payments heading West derived from all your hard work will take the sting outta the bruised pride
The 3rd Wednesday of every month? I can live with that.
Now send me my fukkin money chump.
PS - I'm still willing to sell you your nat gas and oil via Energy East... No discounts though...Chump