Ontario should cut government jobs to end cycle of debt

The Ontario government must take decisive action to get the budget under control when the COVID-19 crisis has passed

Ontario should cut government jobs to end cycle of debtOntario is the most indebted sub-sovereign borrower in the world. Interim financial results for the 2019-20 fiscal year show that the Ontario government ran a $9.2-billion deficit. According to estimates from economists, the deficit is likely to more than triple, largely as a result of the COVID-19 pandemic and economic lockdown, to around $29.3 billion…

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…

International tourists spent $2.2 billion in Alberta in 2018

And 2019 shows signs of being an even better tourism year for the province, according to an ATB report

International tourists spent $2.2 billion in Alberta in 2018Alberta offers international tourists numerous places to visit. And international visitors seem to love coming to this province. Last year, international visitors (including business travellers) spent almost $2.2 billion in the province. And spending in the first three months of 2019 was 26 per cent higher than during the same period last year, says a…

Putting smartphones back into working order for Canadians

Tim McGuire of Mobile Klinik is building a national service network to meet the needs of all smartphone users

Putting smartphones back into working order for CanadiansTim McGuire is chief executive officer of Mobile Klinik. What is Mobile Klinik and what does it do? McGuire: Mobile Klinik is Canada’s largest and fastest-growing retail network of while-you-wait smartphone and tablet repair, care, sales and services stores. As Canada’s only national Samsung and LG-authorizd in- and out-of-warranty repair retailer, Mobile Klinik offers no-appointment-needed,…

Alberta has highest median monetary fraud rate: MNP report

Study of over 200 criminal convictions gleans critical insights about how Canadian organizations can reduce fraud

Alberta has highest median monetary fraud rate: MNP reportThe first national study of its kind, Fraud Aware 2019: National Study on Reported Fraud Cases in Canada, has found that the most convictions and the largest reported losses due to fraud were seen in Ontario, Quebec, Alberta and British Columbia. Business advisory and accounting firm MNP LLP released the results of the study on…

Students burdened by rising cost of university education

A look at one Ontario university shows tuitions skyrocketing when compared to asset investment and inflation

Students burdened by rising cost of university educationAs student fees rise across the country, being able to afford university is increasingly difficult. All students should be know where their fees and tuition payments go, instead of paying what’s needed and then forgetting about it. However, financial statements aren’t always easy for the average student to understand, especially if they’re not a business…

Minimum wage hikes just push up need for government spending

Government intervention becomes necessary when goods and services are made too expensive as a result of wage hikes

Minimum wage hikes just push up need for government spendingMinimum wage hikes by provincial governments across Canada last year were sold as policy intended to make life easier for workers. However, advocates overlooked some of the negative of the policy. Now they’re prescribing yet more government interventions to remedy the problems caused by the wage hike. When the Ontario government hiked the minimum wage…

Only Trudeau could cause a PR nightmare while joining a relief effort

What would possess the ‘selfie PM’ to smile for the cameras at a flood zone with people’s lives hanging in the balance?

Only Trudeau could cause a PR nightmare while joining a relief effortThere are pros and cons to a national leader appearing at a natural disaster. For every act of goodwill, someone will question the motive behind this visit. For every bead of sweat on the brow, someone will wonder if he or she wouldn’t rather be somewhere else. By and large, the positives far outweigh the…

Lack of vaping product marketing regulations endangers kids

Vaping comes with serious health risks, just like other tobacco products, but the Ontario government doesn't seem to care

Lack of vaping product marketing regulations endangers kidsAs a clinician and researcher in the field of tobacco control, what I see happening with vaping marketing and promotion is déjà vu of the very worst kind. It’s pervasive and insidious. And in Ontario, we’re failing our youth by permitting it. Over the last 30 years, we have fought many policy battles with the…

Ontario offers a new direction in child-care funding

It will make care more affordable, recognize that parents have a right to choose and be relatively cost-effective

Ontario offers a new direction in child-care fundingThe tug of war over child-care funding in Canada is entering a new chapter, thanks largely to Ontario’s latest provincial budget. The province announced new tax rebates for child-care costs – almost irrespective of the type of care chosen. While the policy may not be perfect, its implementation will signify an important shift in the…
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