Oliver coy about impact on budget’s balance.
Critics say Conservatives’ 1970’s rhetoric speaks volumes to their lacking connection with today’s middle-class.
But critics skeptical Wynne government can eliminate it in two years.
Province expects overall revenue of $100.2 billion in 2015-16.
Economists maintain there’s little economic difference between running a small surplus or posting a narrow deficit.
Fiscal monitor shows the federal books received a boost from a $6.5-billion drop in the government’s direct program spending.
Province’s projected budget surplus has turned into a $500-million deficit.
Harper challenged on some claims at New York event, specifically on job growth and trade deals.
Report argues keeping the deficit at 0.5% of GDP for three years to create the equivalent of 75,000 jobs.
But C.D. Howe report says Ontario’s debt is too high to do the same.
The opposition NDP and Torys say the Liberals have limited options to stem the flow of red ink.
Credit agency warns the Kathleen Wynne’s Liberals must make a considerable shift “from recent trends” to meet deficit targets.
CME notes some positives for manufacturers, but it doesn’t go far enough.
Finance minister Sousa says the government still plans to balance the books in 2017-18.
Province devotes 9.2% of revenues to interest payments, compared to California’s 2.8%.