...shot itself in the face?
• A recent Fraser Institute study showed that Ontario has acquired more than half of its nearly $300 billion net debt since 2003/04. •
In 2003/04, the baseline year for our analysis, Ontario’s debt burden (27.2 percent of GDP) was substantial, but ranked in the bottom half among the provinces.
Looky here... we're now Number 1.
Between 2003/04 and 2015/16, Ontario’s debt level increased by more than any other province. Over this time, Ontario’s net debt rose by $10,292 per person, the largest per capita increase in Canada.
2003, 2003... that
sounds so familiar...
Oct. 2, 2003... the day the economy died.
