Well, we're still waiting on McGuinty to uphold the promise he made last election to start paying for the cost of provincial services that Mike Harris downloaded onto the city. If he did that there would be no budget crisis - end of story.
Unlike most other industrialized nations Canada treats ALL of its cities with contempt in terms of funding, only the actions of a few enlightened provincial governments lead certain cities to excell (Quebec - Montreal, BC - Vancouver). Cities are still governed in this country like they were at the turn of the 19th century.
The future of the global economy is all about creating creative, dynamic and connected cities - we already have cities like that, but rather than capitalizing on this and pushing their growth even further, provincial & federal politicians are exploiting them for the money they generate and investing it in other areas of the country/province that can get them more votes next election.
This is especially true for Toronto - the great Canadian pastime of Toronto-bashing has lead to any sort of major investment in Toronto being looked upon distastefully from the larger Canadian public. Meaning that investing in Toronto looses votes overall, while investing in other areas of the country gains them. Of course, this means money isn't going to where it will be best used towards generating even more money - it goes to projects and policies which cost more than the amount of money they end up generating.
