Ontario’s financial watchdog says deficit ‘was never $15 billion’ as Doug Ford previously claimed 

Peter Weltman, Ontario’s financial accountability officer, says the province recorded an actual deficit in 2018-19 of $7.4 billion. Shortly after Premier Doug Ford was elected he claimed the province was strapped with a staggering $15-billion deficit because of the previous…

Ontario’s financial watchdog says the deficit was never $15 billion

The province’s financial watchdog says Ontario has a $7.4-billion deficit. It confirms numbers put out by the provincial government last month, but the figure is vastly different from the $15-billion amount the government was stating for months. Travis Dhanraj reports.

Finance minister says Ontario’s fiscal update coming Nov. 6

By Staff The Canadian Press Posted October 10, 2019 1:38 pm Updated October 10, 2019 1:39 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ TORONTO – Ontario’s finance minister says he will deliver…

We’ll stick to plan to cap Ontario teachers’ wage increases at 1 per cent: finance minister

By Shawn Jeffords The Canadian Press Posted October 9, 2019 3:49 pm Smaller font Descrease article font size –A Larger font Increase article font size A+ TORONTO – Ontario’s finance minister says the government will stick to its plan to…

Ontario drivers can now carry pink auto insurance card on electronic devices

TORONTO – Ontario drivers can now carry electronic proof of their auto insurance on their smartphones or other devices. Finance Minister Rod Phillips says the pink paper insurance slip isn’t being eliminated yet, but being able to display the information…

Ontario government writes off $445M in old Chrysler debt from bailout

TORONTO – Ontario has written off $445 million as uncollectable debt from Chrysler, following the 2009 automaker bailout. The federal and provincial governments loaned billions to Chrysler to rescue the company and save thousands of jobs during the recession. Story…

ANALYSIS: Ford’s firing of his finance minister in unprecedented cabinet shuffle is a frank admission of failure

If there’s a precedent for a premier or a prime minister leading a majority government in this country to fire the finance minister in year one, I don’t know it. But that’s just what happened Thursday at Queen’s Park when Premier…

Fedeli, Mulroney and MacLeod placed in new roles after Ford shuffles cabinet

Vic Fedeli has been removed as Ontario Finance Minister in one of the many major changes to come out of Premier Doug Ford‘s cabinet shuffle Thursday. The reset comes just after Ford and his Progressive Conservatives marked the one-year anniversary of…

Ontario may allow developers to pay fee in lieu of taking action to protect endangered species

TORONTO – Ontario intends to allow municipalities and developers to pay a fee in lieu of taking certain actions to protect species at risk. The Progressive Conservative government is proposing to create the Species at Risk Conservation Trust to oversee…

Gas stations could be fined up to $10K if they don’t display Ontario government carbon tax stickers

Gas stations across Ontario could face steep penalties for failing to display government mandated stickers that display the cost of carbon tax, according to new legislation put forward by the Doug Ford government. The bill, entitled the Federal Carbon Tax…