Tuesday, September 2nd17.1°C
23201
22916

Ontario dealing with $16B deficit

Premier Dalton McGuinty promises he will not raise taxes to eliminate a $16-billion deficit.

McGuinty says the minority Liberal government will not adopt all 362 cost-cutting recommendations economist Don Drummond's report, and will likely change some while ignoring others.

McGuinty said a flat "no" when asked directly if he would raise taxes to offset some of the ideas from Drummond that get rejected, but then he walked away from the microphone.

The premier also dismissed Drummond's criticism that politicians failed to talk about Ontario's harsh fiscal reality during last fall's election campaign, saying he wants to look forward, not back.

McGuinty says the Liberals will not make "thoughtless, reckless, across-the-board cuts," and if it comes to a choice between funding horse racing or home care, then home care will win.

The Liberals last week signalled the Ontario horse racing industry's $345-million annual share of slot machine revenues could be withdrawn by the cash-strapped government.

The Canadian Press
How does this story make you feel? (78 total votes)
Castanet MoodMeter
Angry
7.7%
Frustrated
3.8%
Amused
41.0%
Happy
15.4%
Worried
29.5%
Relieved
2.6%


Read more Business News

22929


Recent Trending




Today's Market
S&P TSX15606.88-18.851
S&P CDNX1012.98-11.01
DJIA17053.24-45.21
Nasdaq4591.031+10.759
S&P 5002000.27-3.10
CDN Dollar0.9157-0.0037
Gold1287.40-3.30
Oil95.96+1.29
Lumber350.40+2.00
Natural Gas4.116+0.014

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.18-0.01
Cantex0.08+0.01
Anavex Life Sciences0.2425-0.0075
Metalex Ventures0.07-0.005
Russel Metals36.44-0.04
Copper Mountain Mining2.91-0.02
Colorado Resources0.165-0.015
ReliaBrand Inc0.0801-0.0199
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.225-0.02

 



20759

FEATURED Property
187478114752 Oyama Road, Lake Country, BC
5 bedrooms 5 baths
$1,999,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Manage your behaviour

You can’t manage what you can’t control! You can’t manage the number of sales you’re going to make but you can manage the behaviour that will help you make those sales. Obvious...


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...

_








Member of BC Press Council