The East is underwater and taking Canada down with it.
Ontario’s economic picture is becoming more like Quebec in all the wrong ways, says a new study from the Montreal Economic Institute. Now it’s even dragging down national averages.
It was bad enough when Canada’s most populous province started receiving equalization payments in 2009. But now it’s gotten worse. It used to be that economically troubled Quebec was urged to be more like Ontario. It was good advice back then. And in many respects they took it … and went in the wrong direction.