Financial markets are responding to an induced recession.
recession
March 19, 2020
10:57AM
Ontario's net debt is set to hit $354 billion this year.
January 10, 2020
9:55AM
The deficit is now pegged at $26.6 billion for 2019/20—$6.8 billion more than originally planned in last spring's budget.
August 21, 2019
8:15AM
If the conditions of the 2008-09 recession were repeated, the annual deficit would skyrocket to $120.5 billion.
December 11, 2018
10:55AM
Ontario spends about nine per cent of all revenue on government debt-service payments.
November 26, 2018
1:52PM
The federal government expects the deficit in 2018-19 to reach $18.1 billion and grow next year to $19.6 billion.
November 9, 2018
10:28AM
The higher-than-expected inflation of the late-1980s was one reason the bank switched to inflation targeting.
November 1, 2018
9:39AM
According to recent estimates, the government won’t achieve a balanced budget until 2045.