NewsAlert:Ontario budget promises new spending, multi-year deficits

30 March, 2018, 01:02 | Author: Joshua Bennett
  • Free childcare for kids aged 2.5 to 5 is coming to Ontario in 2020

The province also says the Ontario Cannabis Retail Corporation, created to manage sales and distribution of recreational pot, expects an $8-million loss in 2017-2018, followed by a $40-million loss in 2018-19, largely due to startup costs.

The rising profile of net debt to the size of the economy came as the province, which has one of the largest sub-sovereign debts in the world, projected deficits over the coming six years in a pre-election budget that boosted spending on healthcare and child care.

"The scary thing here is they promised to have balanced budgets", he said Thursday.

Ford has said a Tory government would focus on tackling the provincial debt, which is projected to be $325 billion in 2018-2019.

The new program sees the government pledging to fund the cost of full-day, licensed child care starting once children turn two-and-a-half. "It's the people working at those companies who are my priority".

"Big business executives and their shareholders are actually doing fine right now, and Doug Ford should know", she said. "If you're on any kind of drugs - many people particularly in elder years are sometimes on two, three, four or five drugs - it doesn't take long to blow through that", he said. "We're paying a billion a month servicing the debt".


Ontarians want an end to "this scandal-ridden government", she said, and "are exhausted of broken promises and wasteful spending".

Watch above as Toronto Sun Editor-in-Chief Adrienne Batra and Editorial VP James Wallace dive into the budget and what it means for the future of Ontario, especially for whoever comes into power in June's provincial election.

Premier Kathleen Wynne, Finance Minister Charles Sousa and Education Minister Indira Naidoo-Harris unveiled the $2.2-billion dollar initiative on Tuesday at a school in Toronto. In recent weeks, the Premier has said that a more comprehensive child-care program in Ontario, where residents face some of the highest child-care costs in Canada, will help close the gender wage gap as women will get more control over when they want to return to work.

"I really don't accept this suggestion that this budget is a left budget", she said.

"Making child care free for preschool children will be transformative for Ontario's families".

Recommended:

  • Left Attacks Killer Mike for Defending the 2nd Amendment on NRATV

    Left Attacks Killer Mike for Defending the 2nd Amendment on NRATV

    Killer Mike also received a word of caution from MSNBC newscaster Joy Reid about his association with the NRA . Since Killer Mike's comments, the likes of his bandmate El-P and rapper Vic Mensa have shared their views.
    John Bolton, famously abrasive, is an experienced operator in the 'swamp'

    John Bolton, famously abrasive, is an experienced operator in the 'swamp'

    Carter added that he "hope [s] and pray [s]" that a meeting between Trump and North Korean leader Kim Jong Un will take place. A super PAC led by former US ambassador to the United Nations John Bolton paid Cambridge Analytica more than $1 million.
    You can't teach Messi anything new, says Argentina coach

    You can't teach Messi anything new, says Argentina coach

    The match is one of the last essays for both teams before the 2018 World Cup of Russian Federation . Because this is it, we have to think that this could be the last for this group of players.
  • Assembly poll date leak

    Assembly poll date leak

    While BJP is claiming to reclaim the power again this time, the Siddramiah government is also pretty confident about their win. The Election Commission, later in the day, set up a committee of senior officials to probe the leak of the poll schedule.
    Twitter to ban cryptocurrency ads from Tuesday

    Twitter to ban cryptocurrency ads from Tuesday

    Bitcoin - the largest digital currency sold for $7,847.87 as at 11 am Hong Kong time. Other cryptocurrencies, or "alt coins", have also fallen double digits this year.
    Amit Shah scores a goal for the opposite team, Congress celebrates

    Amit Shah scores a goal for the opposite team, Congress celebrates

    The Commission said it has immediately directed that the matter be probed and necessary and effective action be taken. Amit Malviya , in his defence, claimed in a tweet that he found out about the polling dates through a media channel.
  • Facebook reveals new security settings amid privacy concerns

    Facebook reveals new security settings amid privacy concerns

    Facebook says the data is used "to improve people's experience across Facebook" by helping to connect with others. In another big step, there will be the means to find, download and delete your Facebook data.
    Warner steps down as Captain of Sunrisers Hyderabad

    Warner steps down as Captain of Sunrisers Hyderabad

    Saha also admitted that the team could face a problem initially but then they have a string bench strength to replace players. The official account of the team posted the news on Twitter and the team is yet to announce the new skipper for the side.
    High Court orders for Miguna's release from 'JKIA toilet detention'

    High Court orders for Miguna's release from 'JKIA toilet detention'

    Odinga came to the airport on Monday night to attempt to lobby for Miguna to be admitted to the country, Orengo said. He spent the night at the airport and his lawyers revealed that he had not eaten for 24 hours.
  • Rusty Staub, Mets legend, dies at 73

    Rusty Staub, Mets legend, dies at 73

    He owned and operated two popular Manhattan restaurants that bore his name, and authored a children's book titled "Hello, Mr. Eleven days earlier he had almost died from a heart attack during a flight home from Ireland.
    K'taka govt trying to divide Hindus with Lingayat card: Amit Shah

    K'taka govt trying to divide Hindus with Lingayat card: Amit Shah

    He said the first level check of EVMs and VVPATs has been completed in the presence of representatives of political parties. The report has to be submitted in seven days by the probe panel in connection with the matter.
    China aims to challenge Brent, WTI oil with crude futures launch

    China aims to challenge Brent, WTI oil with crude futures launch

    About 20,300 contracts changed hands over the course of the day, which excluded an additional 5 1/2 hours of overnight trading. The admission of foreign investors directly to futures trading occurs for the first time in Chinese commodity markets.


Popular

Koreas fix date and place for historic summit
Chinese President Xi Jinping promised Beijing would uphold its friendship with North Korea after his meeting with Mr Kim. Trump welcomed the meeting between Kim and Xi, while calling for continued pressure against the isolated regime.

President Trump Called Roseanne to Congratulate Her on Ratings Success
At a Television Critics Association panel in January, the Emmy victor explained why the ABC series would be politically charged. Chicago, which came in at number five, was the only blue state to appear in the top 10 for the show's ratings .

Meghan Markle's Father Is 'Overjoyed' At Receiving Invitation To Royal Wedding
The couple's friendship has been revealed by Lori Davis , a mum who is a close friend of the reclusive 73-year-old and goes on dinner dates with him.

WaPo: Trump Pushes Military To Fund Border Wall
Building a great Border Wall , with drugs (poison) and enemy combatants pouring into our Country, is all about National Defense". Trump allegedly proposed the idea in a private meeting with House Speaker Paul Ryan while reviewing the omnibus spending bill.

Xbox Games with Gold April 2018: The Witness & more
In addition to these two games for the Xbox One , Xbox 360 users will be able to enjoy Dead Space 2 and Cars 2 for their console. It might be overkill, but I don't want you missing out! The Witness will be available to download between April 1 and April 30.

Japan's ex-tax chief denies Abe involvement in land scandal
Abe, Akie and Aso have all denied their involvement and any wrongdoing in the influence-peddling scandal. Abe's support slid to 32.6%, down 11.7 percentage points compared to last month, the survey found.

Waymo buying 20000 Jaguar electric SUVs for driverless ride-hailing service
Waymo now tests its self-driving system on Chrysler Pacifica minivans built by Fiat Chrysler Automobiles. The 20,000 Waymo I-PACE SUVs would be capable of servicing up to one million rides per day.

Who poisoned Sergei Skripal? Not Russia, Russians say
Russia's ambassador to the European Union, Vladimir Chizhov, told reporters that "the Russian state had nothing against" Skripal. Last week, the United Kingdom expelled 23 Russian diplomats and their families to Moscow, citing national security concerns.

U.S. regulator investigates Facebook after user data scandal
One thing Facebook makes very clear as part of this post is the fact we are giving the company permission to collect the data. The social media platform's stock value has dropped more than $70 billion since the revelations were first published.

Linda Brown, Daughter Of Brown V. Board Plaintiff, Has Died
Linda Brown and her sister founded in 1988 the Brown Foundation for Educational Equity, Excellence and Research. Campbell described her as a "very quiet person, but spiritual, patient and very kind".