Standard & Poor’s decision to boost Quebec’s credit rating last week has an important symbolic consequence for neighbouring Ontario. The move, which raised Quebec’s credit rating from A+ to AA-, means that for the first time ever, Quebec’s credit rating ranks higher than Ontario’s.
For decades, Quebec held a dubious reputation for poor fiscal management, while until the early 1990s Ontario held a reputation for successful fiscal management. So again, the recent upgrade of Quebec’s credit rating — above that held by Ontario — is a remarkable development.
Ontario Premier Kathleen Wynne has the highest disapproval rating of any provincial premier in the country, a Mainstreet Research/Postmedia polls finds.
The embattled Wynne has the unfortunate distinction of being the most unpopular premier in their own province, with only 19% of Ontarians expressing approval, and a full 70% unhappy with the job she’s doing.
Premier Kathleen Wynne has revealed the Liberals’ campaign theme for next June’s Ontario election.
It will be, she says, all about “fairness.”
“Everything we’ve done will be part of the re-election (bid), but I certainly hope there will be a discussion in the election campaign about how to have a fairer society,” Wynne said in a recent interview with The Canadian Press.
Not only does Wynne repeat the word “fair” ad nauseam when introducing Liberal initiatives, the word itself is included in her initiatives.
Not that it would work in the Kleptocracy of Ontario.
Hydro rate cut will cost Ontario at least $45 billion
TORONTO – Premier Kathleen Wynne’s plan to cut hydro bills by 25% comes with an electrifying price tag for the government – anywhere between $63 billion to $93 billion if financed with borrowed money, a review by the province’s Financial Accountability Office concludes.
In the best-case scenario, which requires the Ontario government to balance its budget every year for the next three decades, the plan costs $45 billion.
Ontario’s Progressive Conservatives are slamming the Liberal government after media reports revealed the cost for the now infamous gas plant scandal has jumped by over $1.5 billion. That’s in addition to the $1.2 billion previously revealed by the auditor general, the Tories say.
CTV News revealed Thursday that Ontario ratepayers will now have to start shelling out on their hydro bills for the two relocated gas plants behind the infamous scandal.
The pricetag to build the Sarnia gas plant sits at $360 million and the Napanee plant at $1.2 billion, CTV says.
Over the last two years, the Ontario government has pursued the Changing Workplaces Review, a once-in-a-generation assessment of the Employment Standards Act and the Labour Relations Act. The outcome of this review will change the relationship between every employee and employer in Ontario.
According to media reports this weekend, the Ontario government is considering measures that will risk many unintended consequences while passing new costs on to consumers. This week, we were told that the provincial cabinet will consider several options including a minimum number of sick days, increasing annual paid vacation and boosting the minimum wage to $15 an hour.
In a letter sent to Premier Kathleen Wynne on behalf of Ontario’s employer community, the Ontario Chamber of Commerce objected in the strongest terms to many of the reforms that are potentially being considered. Taken as a whole, these reforms will tip our economic balance in a profoundly negative way. The changes would further restrict the flexibility of part-time and contract employees, diminish transparency and informed employee choice in the union certification process, and institute “paperwork provision” that will add new layers of red tape to the existing regulatory framework. It is important to remember that good jobs are the direct result of a strong and growing economy.
Just one in 10 Ontarians say they trust Premier Kathleen Wynne.
According to a new Forum Research survey the premier remains deeply unpopular with Ontario voters.
Asked who they find most trustworthy of the three main party leaders, respondents rank Wynne dead last with 11% saying they trust her. NDP leader Andrea Horwath is ranked as the most trustworthy with 29% support. Patrick Brown is viewed as trustworthy by 25% of respondents.