Just last week, Standard and Poor’s lifted its rating of Quebec’s government debt above Ontario’s, a reward for years of mild-but-consistent austerity while Ontario continues to pile up more and more government debt. Unemployment, traditionally several points higher in Quebec, fell to half a point below Ontario’s in May.
To ensure strong, long-term growth, Ontario must attract business investment.
Unfortunately, at least partly due to government policies driving up costs, this remains a critical weakness for Ontario’s economy.
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