Blog – Public Sector – Fiscal Performance – Canada Ontario Finances Next week’s Ontario budget is a critical one for the Ford government. It will have to balance another six months of COVID costs with a plan to transition government finances back to pre-pandemic normality. Any difficult spending decisions should be included in this budget, because the 2022 one will be all about winning re-election. Source - https://nationalpost.com/opinion/randall-denley-upcoming-ontario-budget-is-bound-to-agitate-both-pc-supporters-and-the-public-sector Canada has one highest debt loads for a developed country – That theory has its doubters, starting with the Bank of Canada, which has previously said it isn’t counting on the built-up savings to be unleashed quickly. Canadians may instead hang onto the money or use it to pay down their own sizable debts, the bank says. That wouldn’t be a trivial outcome, either. Frances Donald, global chief economist and head of macro strategy at Manulife Investment Management, said it’s misleading to use short-term economic data to measure the effectiveness of fiscal stimulus. https://www.bnnbloomberg.ca/trudeau-s-debt-binge-shows-limits-in-canada-s-sharp-contraction-1.1571174 @JustinTrudeau took $1B surpluses to a deficit within a few months of taking office. Trudeau's growth has been the worse of any PM since the great depression. 2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp Dec/20 https://www.slideshare.net/paulyoungcga/scorecard-and-gdp-canada-december-2020-and-november-2020 Fitch downgrade - https://www.bnnbloomberg.ca/economics/video/fitch-s-downgrade-a-blow-but-better-than-negative-outlook-former-pbo~1983621 Competitiveness - https://tradingeconomics.com/canada/competitiveness-rank Provinces are asking more for healthcare - https://www.newswire.ca/news-releases/premiers-release-report-confirming-the-federal-government-s-financial-ability-to-increase-the-canada-health-transfer-805210659.html