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Growing equalization payments to Ontario threaten country
Wednesday, July 20th, 2011
Jul 20, 2011
The resource boom… has had a double effect on Ontario, having sent the Canadian dollar soaring by roughly 40% since 2004. The higher dollar has in turn clobbered Ontario’s struggling manufacturing sector, which has hemorrhaged 290,000 full-time jobs over the past decade… Meanwhile, Ontario continues to struggle even after its equalization top up, with lower levels of public services than many other provinces… fewer public servants, nurses, doctors, teachers, day-care spots and long-term care beds than in most other provinces. That runs counter to the objectives of equalization…
Tags: budget, economy, standard of living
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