Premier Doug Ford has promised to eliminate a $13.5 billion deficit.
Deficit is projected to hit $1.1 trillion in the 2020 fiscal year, the highest in a decade.
Increasing the size and role of government comes with larger deficits, mounting debt and/or tax increases.
One expert says credit ratings can be misleading.
Attributes change to Ford cancelling cap-and-trade, reversing several tax increases, weaker economic forecast.
Feds are on pace to post a $19.4-billion deficit in 2018-19, $1.3 billion higher than the projection in last February’s budget.
Smallest deficit since January 2017, fuelled by an increase in the value of total exports of 4.1%.
Canadian exporters in for a rough ride, says TD.
Spending plan will add about $70 billion to the net debt, increasing it to almost $400 billion in 2020-21.
Liberals will post a $22.1-billion shortfall this fiscal year, $4 billion more than $18.1 billion projection.
Surplus with the United States narrowed to $2.6 billion compared with $2.9 billion in January.
Deficit of $6.7 billion as Liberals’ decision reverses a key promise to stay in the black this year.
Porter says IMF should look at the “other side of the balance sheet” which has kept pace or outgrown the size of the debt.
Firms are reluctant to commit to investments in Ontario and Quebec with uncertainty surrounding NAFTA talks.
Province will run a deficit of less than 1% of GDP starting next year, no dollar amount provided.