Livio di Matteo

  • Ottawa must get the deficit under control

    MARCH is often the cruellest month on the Canadian weather calendar and this March also promises a shift in fiscal climate as Ottawa moves to bring a $56-billion deficit under control. To understand why Ottawa must move quickly to restore fiscal balance to its finances, one need only look back over the economic history of the last half-century. If we are to avoid a repeat of the fiscal crisis that engulfed Canada during the period 1973-1996, we need to take steps now to ensure that the recent deficit does not become the thin edge of a new debt wedge.
  • Ontario: after the orgy

    ONTARIO’S economy has been struck hard by the recession leading to a collapse in provin­cial revenue that combined with a massive in­crease in expenditure has helped raise its defi­cit  to a historical high of $24.7 billion. As a share of GDP, this deficit comes in at 4.4 per cent, which is the worst in Ontario's economic history edging out the previous record of 4.3 per cent in 1992 during the Rae Regime.
  • Manitoba's health-care system sustainable?

    Given Canada's slowing economy, faltering government revenues, and uncertainty about Federal equalization payments, 2009 could be a tumultuous year in the province's health sector.


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