Off Topic

Ontario on track to eliminate deficit in 2017: Wynne

  • Last Updated:
  • Mar 21st, 2017 8:43 pm
Tags:
None
Deal Expert
User avatar
Dec 7, 2012
22028 posts
4467 upvotes
GTHA
Treasury board president says Ontario budget will be balanced
http://www.ckwstv.com/2017/02/03/treasu ... -balanced/
As we mentioned earlier in the news — Ontario Liberal cabinet minister Liz Sandals paid a visit to a local manufacturing plant today.
She’s president of the treasury board, which means she controls the purse strings of the province’s finances.
The minister says the province is on pace to deliver a balanced budget this year … as promised in the last election.
It has been almost a decade since the province last delivered a balanced budget.
“We’re going to find the right balance in a different sense which is the balance between fiscally careful but also making sure that we’re providing the services that Ontarians need.”

Deal Expert
User avatar
Dec 7, 2012
22028 posts
4467 upvotes
GTHA
Ontario must prepare for less cash from feds
http://www.torontosun.com/2017/02/21/on ... -from-feds
In fact, the federal department of finance has indicated Ontario’s transfer will be significantly lower next year, falling from $2.3 billion in 2016/17 to $1.4 billion in 2017/18.

Meanwhile, Ottawa plans to reduce the growth in the Canada Health Transfer, which has been increasing by 6% annually.

These developments will almost certainly mean a slowdown in the overall rate of growth for federal transfers to Queen’s Park.

In 2017/18, for example, the federal government forecasts major transfers to Ontario will actually decline.
Deal Fanatic
User avatar
Jul 17, 2008
6499 posts
876 upvotes
If you vote Wynne again, you Ontarians deserve the grave you are digging yourselves into. And I hope western Canada will finally say enough and split from Canada. Eastern Canada is a money pit. BC/AB/SK/MB could be such a prosperous country.
Jr. Member
Dec 5, 2015
176 posts
50 upvotes
Thornhill, ON
Doing it the Conservatives way..Sale of assets...
Jr. Member
User avatar
Oct 19, 2015
189 posts
9 upvotes
Rings Of Saturn
Messerschmitt wrote:
Mar 13th, 2017 6:42 am
If you vote Wynne again, you Ontarians deserve the grave you are digging yourselves into. And I hope western Canada will finally say enough and split from Canada. Eastern Canada is a money pit. BC/AB/SK/MB could be such a prosperous country.
Someone who gets it! I think ANYONE who votes Liberal in the next provincial election should have their voting privileges revoked for life.
no referrals or outside advertising allowed
Deal Expert
User avatar
Oct 26, 2003
25807 posts
1415 upvotes
Winnipeg
Messerschmitt wrote:
Mar 13th, 2017 6:42 am
If you vote Wynne again, you Ontarians deserve the grave you are digging yourselves into. And I hope western Canada will finally say enough and split from Canada. Eastern Canada is a money pit. BC/AB/SK/MB could be such a prosperous country.
ontario used to be the economic engine of canada, until the manufacturers couldn't afford both the union and the hydro cost...
Deal Fanatic
User avatar
Oct 23, 2003
6013 posts
388 upvotes
Messerschmitt wrote:
Mar 13th, 2017 6:42 am
If you vote Wynne again, you Ontarians deserve the grave you are digging yourselves into. And I hope western Canada will finally say enough and split from Canada. Eastern Canada is a money pit. BC/AB/SK/MB could be such a prosperous country.
I agree on Wynne, but if you think BC would ever consider Alberta as proper company, you're high. Most if not all of BC loathes everything coming out of Alberta, out west.

In the late 90s and early 00s, it was Alberta that was broke and kept depending on Ontario, so dont worry, its cyclical. Remember when Quebec was great and Montreal the #1 city in Canada? Yea. lol

Saskatchewan and Manitoba? lol
Deal Addict
User avatar
Sep 27, 2008
3203 posts
124 upvotes
Adelaide
Buggy166 wrote:
Mar 17th, 2017 12:20 am
I agree on Wynne, but if you think BC would ever consider Alberta as proper company, you're high. Most if not all of BC loathes everything coming out of Alberta, out west.

In the late 90s and early 00s, it was Alberta that was broke and kept depending on Ontario, so dont worry, its cyclical. Remember when Quebec was great and Montreal the #1 city in Canada? Yea. lol

Saskatchewan and Manitoba? lol
Pretty sure Alberta was not a net receiver of equalization payments in the 80's or 90's
Deal Addict
Nov 24, 2013
3526 posts
736 upvotes
Kingston, ON
divx wrote:
Mar 16th, 2017 6:45 pm
ontario used to be the economic engine of canada, until the manufacturers couldn't afford both the union and the hydro cost...
Ontario doesn't have the GDP per capita of AB or NWT resource extraction, but Ontario is still the 'economic engine' of Canada.

https://en.wikipedia.org/wiki/List_of_C ... ic_product

In 2015, Ontario GDP was > the four Western provinces & three territories put together.
Jr. Member
Nov 24, 2013
195 posts
22 upvotes
Toronto
Mike15 wrote:
Mar 17th, 2017 3:49 pm
Ontario doesn't have the GDP per capita of AB or NWT resource extraction, but Ontario is still the 'economic engine' of Canada.

https://en.wikipedia.org/wiki/List_of_C ... ic_product

In 2015, Ontario GDP was > the four Western provinces & three territories put together.
On a per capita basis, Ontario is ranked fourth.
Deal Addict
Apr 15, 2011
2149 posts
266 upvotes
Scarborough
lpin14 wrote:
Mar 18th, 2017 7:58 pm
On a per capita basis, Ontario is ranked fourth.
Ontario is doing great, and we're doing great without oil to prop us up.
× < >
Rotate image Save Cancel

Top