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…

Why Ontarians should care about Alberta oil and gas

Alberta’s consumers, businesses and governments were responsible for $31.4 billion of Ontario’s total interprovincial trade in 2016 alone

Why Ontarians should care about Alberta oil and gasBy Mark Milke and Ven Venkatachalam Canadian Energy Centre “All politics is local,” as 1980s-era U.S. House of Representatives leader Tip O’Neill put it. O’Neill’s point was straightforward: Voters care about what affects them. That, naturally, is where politicians then aim their promises and rhetoric. What’s true in politics is also true of the economy:…

Trudeau delivers another blow to energy, mining sectors

Plan requiring projects to describe how they will achieve net-zero emissions may not even be feasible

Trudeau delivers another blow to energy, mining sectorsBy Alex Whalen and Elmira Aliakbari The Fraser Institute Newfoundland and Labrador’s energy sector, already struggling from the downturn in world oil markets and the COVID-19 recession, has taken another blow – this time directly from the federal government. The Liberal government of Prime Minister Justin Trudeau recently imposed new rules – known as the…

Government debt piling up for Ontarians

Blame economic contraction due to COVID-19 and increased government spending at the provincial and federal levels

Government debt piling up for OntariansOntario’s provincial government now carries more net debt per person than any province except Newfoundland and Labrador. In a reversal of historical norms, Ontario carries significantly more debt – almost $4,000 more per person – than Quebec. Of course, debt (financial assets minus total liabilities) means interest payments. But Ontarians aren’t just responsible for interest…

Greenhouse gas emissions on the decline in Canada’s electricity sector

Electricity sector is playing in reducing Canada’s greenhouse gas emissions

Greenhouse gas emissions (GHG) in Canada’s electricity sector have declined by 34 per cent since 2005 and further reductions are expected, says the Conference Board of Canada in a new report released on Tuesday. “Canada-wide, the electricity sector is undergoing fundamental transformation. In each province, electricity generators are playing a leadership role in the move…

Alberta third most popular destination for Canadian travellers

Canadians made 65.8 million trips in Canada and abroad in the first quarter, spending $19.1 billion: StatsCan

Alberta third most popular destination for Canadian travellersAlberta appears to be a popular destination for Canadian travellers. According to new data released on Monday by Statistics Canada, Canadian residents made 56.3 million trips to destinations in Canada in the first three months of 2018, 69.5 per cent of which were same-day trips. “Ontario, Canada's most populous province, recorded 23.3 million visits during…

Make Ontario energy affordable again

Premier Doug Ford must fulfil his promise to scrap the cap-and-trade carbon tax

Make Ontario energy affordable againBack in 2016, Toronto-based Leland Industries announced it would no longer expand in Ontario but instead do so in Illinois. Illinois businesses are themselves fleeing to nearby U.S. states because that state’s business and personal taxes make it an expensive place to do business. That a company would move to high-tax Illinois tells us all we need to know…