Ontario predicted to lead growth

[Michael Hardner]

http://www.theglobeandmail.com/report-on-business/top-business-stories/changing-of-the-guard-td-now-sees-ontario-as-leading-economy/article22115981/

Ontario is now projected to lead the provinces in average economic growth over the next two years, with British Columbia and Alberta just behind.

“Oil-rich provinces have recorded the sharpest downgrades in their respective outlooks,” economists Craig Alexander, Derek Burleton and Jonathan Bendiner said in today’s report.

The hope is that lower gas prices will result in more spending in other sectors to increase growth.

[Boges]

A lower dollar certainly helps Ontario.

[PIK]

I guess we have hit bottom.

[The_Squid]

I guess we have hit bottom.

No.... economic factors have changed.....

[Bob Macadoo]

I guess we have hit bottom.

I guess now would be the time Alberta should seek to cede from the union as intended by NCC.

[Shady]

http://www.theglobeandmail.com/report-on-business/top-business-stories/changing-of-the-guard-td-now-sees-ontario-as-leading-economy/article22115981/

The hope is that lower gas prices will result in more spending in other sectors to increase growth.

Lower energy prices can lead to economic growth. Perhaps somebody should pass this information on to the current provincial government. A government that has put in place policies that have made energy more expensive in Ontario every chance they get. I find it kind of sad that we have to rely on external forces in which we have no control of for economic growth. Instead of our own pro-growth policies.

[Bob Macadoo]

Why? External uncontrollable forces led to the downturn...thats why I find all the red/blue economy policies laughable. Fiscal policies have an effect.....economic policies are waving in the wind.

[Michael Hardner]

I find it kind of sad that we have to rely on external forces in which we have no control of for economic growth. Instead of our own pro-growth policies.

I'll give you this: I have started hearing complaints about Wynne's fiscal mismanagement from long time Liberal party supporters here.

[Shady]

Why? External uncontrollable forces led to the downturn...thats why I find all the red/blue economy policies laughable. Fiscal policies have an effect.....economic policies are waving in the wind.

Lower energy costs are good for economies. This government works at every turn to make energy prices higher. Its not rocket science as to what the effect will be, and what the effects are.

[overthere]

I guess now would be the time Alberta should seek to cede from the union as intended by NCC.

No need to worry. Canadian economics are like incest- all relative - and loyal Albertans will continue to pound $10 billion per year into Ontario and other have-not provinces for the foreseeable future. Or forever, whichever comes first.

And that is just equalization, lets not talk about the rest.

[guyser]

No need to worry. Canadian economics are like incest- all relative - and loyal Albertans will continue to pound $10 billion per year into Ontario and other have-not provinces for the foreseeable future. Or forever, whichever comes first.

And that is just equalization, lets not talk about the rest.

Ahh...be a good boy and keep pumping the oil

Never mind the bill from decades ago when Alta was more of a backwater burb and the ROC ( <----read Ontario) kept things afloat.

Have not....we finally get that tag after never being there before. Ontario is still the cow that supplies the most meat, that will never change

[Ash74]

Ahh...be a good boy and keep pumping the oil

Never mind the bill from decades ago when Alta was more of a backwater burb and the ROC ( <----read Ontario) kept things afloat.

Have not....we finally get that tag after never being there before. Ontario is still the cow that supplies the most meat, that will never change

At least till we have lost all the cattle due to taxes that were spent on a magic bean factory that will be cancelled but still paid for. I wonder if it will run on wind power or the gas plant we will NOT build to power said magic bean plant that will create 500,000 jobs in building the plant.Than tearing it down.

We can after all is said and done build an office building where all the public employees can work and claim huge savings.

[overthere]

Ahh...be a good boy and keep pumping the oil

Never mind the bill from decades ago when Alta was more of a backwater burb and the ROC ( <----read Ontario) kept things afloat.

Have not....we finally get that tag after never being there before. Ontario is still the cow that supplies the most meat, that will never change

What bill is that?

Westerners certainly remember the many decades when Ontario factories pumped out crap equipment that Western farmers had no choice about buying at extortionate prices. The federal govt Ontario controlled, and still controls, applied tariffs to ensure there was zero competition. In ontario this era was know as the 'good old days'. I can see how you'd yearn for that! Say, maybe a few billion in public money and you could spark up that old Massey-Ferguson plant.

Glory days will return soon though- the combined economic genius of Wynne and Trudeau will lead us to the good old days again. In the meantime, most of what comes out of Ontario is from a different orifice.

[guyser]

What bill is that?

LOL . I kind of figured lots of Westerners would forget.

Cue churchlady, how convenient.

Westerners certainly remember the many decades when Ontario factories pumped out crap equipment that Western farmers had no choice about buying at extortionate prices.

Nobody had to buy it. Make your own was an option.......unless oh never mind.

Glory days will return soon though- the combined economic genius of Wynne and Trudeau will lead us to the good old days again.

See now youre talking.

In the meantime, most of what comes out of Ontario is from a different orifice.

And yet.............the west has a taste for it.

Whoda thunk it!

Pumping pumping pumping....keep on...

Edited December 22, 2014 by Guyser2

[Moonbox]

I'll give you this: I have started hearing complaints about Wynne's fiscal mismanagement from long time Liberal party supporters here.

Calling it Wynne's fiscal mismanagement is kind of unfair. Most of the waste was on Dalton's watch, but Wynne definitely seems prepared to continue on the same note. The incompetence of the Ontario Liberals, I would say, appears to be systemic. They make Bob Rae's NDP look good.

[overthere]

In the 2013-2014 year, the following provinces will receive equalization payments:^[4]

• Quebec ($7.833 billion)
• Ontario ($3.169 billion)
• Manitoba ($1.792 billion)
• New Brunswick ($1.513 billion)
• Nova Scotia ($1.458 billion)
• Prince Edward Island ($340 million)

By the end of 2015 ON and PQ should be duking it out for the championship. Wynne is an achiever.

"The Bill"

It must refer to the harsh times when Central Canadian banks and manufacturers screwed both West and East with the active connivance of Ottawa, then tossed a few stale bones to the survivors and pretended it was charity. That bill.

[Smallc]

No need to worry. Canadian economics are like incest- all relative - and loyal Albertans will continue to pound $10 billion per year into Ontario and other have-not provinces for the foreseeable future.

Last I heard (and I admit, it was about 3 years ago) Ontario is still a net contributor to federal finances to the tune of about $10B per year.

[TimG]

Last I heard (and I admit, it was about 3 years ago) Ontario is still a net contributor to federal finances to the tune of about $10B per year.

Depends on how you calculate. Equalization is just one transfer from federal tax revenue to provincial coffers. But those federal taxes have to come from people living in a province. So if you include all of the federal taxes paid by people living in each provinces they will all likely end up as 'net contributors' since the federal government needs to fund it own operations which means it can't return 100% of the funds collected to provinces.

[Smallc]

Yes, but those federal operations all happen in particular provinces. Apparently, when you do all the calculations, Alberta, Ontario, Saskatchewan, and Newfoundland and Labrador are net contributors. BC is about break even. The rest are net recipients.