Rosy rhetoric can’t hide Ontario’s dreary fiscal outlook

Today, Ontario Finance Minister Charles Sousa (pictured above) will deliver Ontario’s fall economic update. It will no doubt be an upbeat narrative on how Ontario is on the road to economic growth and that the province’s finances are on track to a balanced budget in the not too distant future, despite the external economic slings and arrows of an ever-changing world.This of course will fly in the face of Ontario’s Financial Accountability Office, whose recent economic and fiscal outlook projected Ontario will not balance its budget by 2017-18 and that indeed the budget deficit will continue to 2020-21 in the

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