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Ontario Debt
The Ontario government debt consists of the liabilities of the Government of Ontario. Approximately 82% of Ontario's debt is in the form of debt securities (bonds, Treasury bills), while other liabilities include government employee pension plan obligations, loans, and accounts payable. ThOntario Financing Authority which manages the provinces' debt, says that as of March 31, 2020 (for the 2019-20 fiscal year), the Ontario government's net debt is CDN $353.3 billion. Net debt is projected to rise to $398 billion in 2020-21. The Debt-to-GDP ratio for 2019-2020 was 39.7%, and is projected to rise to 47.1% in 2020-21. Interest on the debt in 2019-20 was CDN$12.5 billion, representing 8.0% of Ontario's revenue and its fourth-largest spending area. Debt breakdown As of March 31, 2018 the breakdown of Ontario's debt is as follows: * Canadian Dollar Public Bonds: $259.4B (74%) * Foreign Currency Bonds: $56.4B (16%) * Canadian Dollar Treasury Bills: $18.9B (5%) * Canadian Dollar N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Ontario
The government of Ontario (french: Gouvernement de l'Ontario) is the body responsible for the administration of the Canadian province of Ontario. A constitutional monarchy, the Crown—represented in the province by the lieutenant governor—is the corporation sole, assuming distinct roles: the executive, as the ''Crown-in-Council''; the legislature, as the ''Crown-in-Parliament''; and the courts, as the ''Crown-on-the-Bench''. The functions of the government are exercised on behalf of three institutions—the Executive Council; the Provincial Parliament (Legislative Assembly); and the judiciary, respectively. Its powers and structure are partly set out in the ''Constitution Act, 1867''. The term ''Government of Ontario'' refers specifically to the executive—political ministers of the Crown (the Cabinet/Executive Council), appointed on the advice of the premier, and the non-partisan Ontario Public Service (whom the Executive Council directs), who staff ministries and age ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ontario Public Service Employees Union
The Ontario Public Service Employees Union (OPSEU; french: Syndicat des employés de la fonction publique de l'Ontario EFPOlink=no) is a trade union representing public sector employees in the province of Ontario, Canada. It claims a membership of approximately 180,000 members. OPSEU was established in 1975 as the successor union to the former Civil Service Association of Ontario, which was founded in 1911. In 1979, OPSEU affiliated with the Canadian Labour Congress, the National Union of Public and General Employees, and the Ontario Federation of Labour. OPSEU is affiliated to several labour councils across Ontario. The current President is JP Hornick, who was elected to the position in April 2022. The labour expertise of President Hornick is recognized by her long-term role as a coordinator of the School of Labour at George Brown College. Hornick won election by beating out three other candidates for the position at the 2022 OPSEU/SEFPO Convention. Laurie Nancekivell is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Public Debt
Canadian public debt, or general government debt, is the liabilities of the government sector. Government ''gross debt'' consists of liabilities that are a financial claim that requires payment of interest and/or principal in future. They consist mainly of Treasury bonds, but also include public service employee pension liabilities. Changes in government debt over time reflect primarily borrowing due to past government deficits (where a deficit occurs when government expenditures exceed revenues). For 2021 (the fiscal year ending 31 March 2022), the market value of gross debt was $2,942 billion ($76,135 per capita) for the consolidated Canadian general government – federal, plus provincial, territorial and local governments (PTLGs) combined. As a ratio of GDP, gross debt was 117.2% (GDP was $2,510 billion in 2021), down from 130.0% in 2020, the highest level ever recorded, but significantly above the pre-pandemic level (105.6% in 2019). The sustainability of government d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Generation Squeeze
Generation Squeeze (also known as GenSqueeze) is a Canadian, non-partisan, non-profit organization that advocates on behalf of young adults. The organization claims to have modeled itself after CARP, an organization that advocates for Canadians 45 and older. Generation Squeeze stated purpose is to provide a voice for younger Canadians in the world of politics and the marketplace. The organization has been involved in advocacy related to the issues of affordable childcare, housing, wages, transit, and government spending on youth. The organization also encourages youth involvement in politics and voting. In May 2015, the organization co-hosted the #donthave1million rally in Vancouver. In May 2016, the group launched its Code Red housing campaign in Vancouver, calling for a government rethink of housing policy. In June 2016, the organization's founder, Paul Kershaw, was among the other housing advocates who met with Prime Minister Justin Trudeau for a roundtable discussion on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Ontario
The economy of Ontario is diversified. Ontario is the largest economy in Canada, making up around 38% of Canadian GDP. Though manufacturing plays an important role in Ontario's economy responsible for 12.6% of Ontario's GDP, the service sector makes up the bulk, 77.9%, of the economy. Ontario's net debt-to-GDP ratio will rise to 40.7% in the year 2019–2020. Ontario is the most populous province of Canada, with a population of approximately 14.19 million permanent residents in 2017. It is Canada's leading manufacturing province, accounting for 46% of the manufacturing GDP in 2017. The CPI inflation of the province in 2018 was confirmed to 2.2%, with the unemployment rate at 5.6% as of January 2019. This unemployment rate is based on the 447,400 unemployed people in Ontario. As of 2018, the province's credit rating A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Centre For Policy Alternatives
The Canadian Centre for Policy Alternatives (CCPA) is an independent think tank in Canada. It has been described as "left leaning". The CCPA concentrates on economic policy, international trade, environmental justice and social policy. It is especially known for publishing an alternative federal budget on an annual basis. The centre is based in Ottawa but has branch offices in Vancouver, Winnipeg, Regina, Toronto and Halifax. It is funded primarily through individual donations, research grants, and trade unions. History The CCPA was founded in Ottawa in 1980 by a group of university professors and union activists. Many of the those first involved with the CCPA’s founding wanted to use it to counter the neoliberal consensus that was emerging during this period. Following its formation, the centre began organizing conferences, publishing pamphlets, and producing booklets and reports created by volunteer researchers. The organization ran into financial difficulties in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Taxpayers Federation
The Canadian Taxpayers Federation (CTF; french: Fédération canadienne des contribuables, link=no) is a federally incorporated, non-profit organization in Canada. It claimed 30,517 donors and 215,009 supporters in 2018–19. Voting membership, however, is restricted to the board of directors. According to its by-laws, the board "can have as few as three and as many as 20" members. In 2017, it reportedly had a voting membership of six board members, and in 2020 it had four.https://www.taxpayer.com/about/board/ It describes itself as a taxpayers advocacy group, and the organization advocates lower taxes, less waste, and an increase in government accountability. It was founded in Saskatchewan in 1990 through a merger of the Association of Saskatchewan Taxpayers and the Resolution One Association of Alberta. The CTF maintains a federal office in Ottawa, and has staff based in Calgary, Vancouver, Victoria, Edmonton, Regina, Toronto, Montreal and Halifax. Provincial offices conduct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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