Premier Wynne passes the buck

Premier Wynne passes the buck
Premier Wynne passes the buck Premier Kathleen Wynne says it’s a good thing her government is cutting electricity bills today by passing on the $25 billion cost to future generations of Ontarians. Wynne defended this decision — developed with next year’s election in mind in the face of public fury over hydro bills — in an interview Monday with Newstalk 1010’s John Moore. Here’s what she said: “I’m quite comfortable saying to my grandkids that,

Financial watchdog to check Libs’ hydro math

Financial watchdog to check Libs’ hydro math
Financial watchdog to check Libs' hydro math Ontario’s financial watchdog will double check the math on Premier Kathleen Wynne’s hydro relief plan. A spokesman for the office of Ontario’s financial accountability office (FAO) confirmed the review of the Liberal plan to slash hydro rates by 17%. The move — announced by the government last week — is projected to create up to $25 billion in debt as the province negotiates to pay energy generation contra

Don’t be fooled again by Wynne’s Liberals

Don’t be fooled again by Wynne’s Liberals
Don't be fooled again by Wynne's Liberals Why would anyone trust Premier Kathleen Wynne’s Liberal government to make good on its reported plan to reduce electricity rates by 17%, in addition to the 8% provincial portion of the HST it removed Jan. 1? Of course Wynne and Co. will act in the short term, because if they don’t, their chances of being re-elected next year are slim. So expect them to get rates down before the election by shifting some el

Reevely: Cutting today’s hydro bills, for today’s votes, with tomorrow’s money

Reevely: Cutting today’s hydro bills, for today’s votes, with tomorrow’s money
Reevely: Cutting today's hydro bills, for today's votes, with tomorrow's money “Smoothing out” the costs of Ontario’s energy system by taking longer to pay off generating contracts, as the Ontario Liberals are reportedly planning to do, means borrowing from the future to make ourselves more comfortable now. The Toronto Star reported the government’s plan Wednesday morning, citing unnamed sources speaking before Premier Kathleen Wynne had made sure he

Trudeau has a spending problem: Ambrose

Trudeau has a spending problem: Ambrose
Trudeau has a spending problem: Ambrose Stephen Harper left Prime Minister Justin Trudeau a surplus, the best job creation record in the G7, and the lowest level of taxation that Canadians have seen in over 50 years. Now, those Canadians who turn 18 years old today won’t see another balanced budget in Ottawa until they turn 56. This is Trudeau’s legacy. What a difference a year makes. Spending is out of control in Ottawa. “Modest” $10-billion

Buried government report reveals looming fiscal crisis

Buried government report reveals looming fiscal crisis
Buried government report reveals looming fiscal crisis trudeau Prime Minister Justin Trudeau is pictured while making a stop in Edmonton in March 2016. (THE CANADIAN PRESS) A shocking new report quietly released by the federal government admits that their finances could collapse in the coming decades if politicians don’t make responsible choices. Two days before Christmas, when most politicians and their staffers had long left their offices for

Ottawa vows prudent health spending as federal report projects decades of deficits

Ottawa vows prudent health spending as federal report projects decades of deficits
Ottawa vows prudent health spending as federal report projects decades of deficits The federal cupboard is bare as Finance Minister Bill Morneau prepares the Liberal government’s second budget and fends off provincial calls to boost transfers for health care, new long-term forecasts from Finance Canada officials suggest. A federal report projects decades of deficits, and in response, Mr. Morneau is promising to act with prudence on health-care spen

Trudeau will bury us in debt

Trudeau will bury us in debt
Trudeau will bury us in debt When Canadians elected Prime Minister Justin Trudeau, it was a $2 trillion mistake. And, no, that’s not just an opinion. The $2 trillion figure comes from the Government of Canada’s Department of Finance, in its annual update on long-term fiscal projections. The economic forecast was released this week, and the figures are stunning. The last long-term economic report, released under the Stephen Harper governmen