VIDEO: Ottawa subsidizing risky provincial borrowing
New MLI video shows that Euro-style debt crises can happen here if status quo continues
Alberta and Ontario lead the parade of Canadian provinces running unsustainable public finances, in part thanks to the market’s belief that Ottawa will never let a province default on its debt. Based upon an exhaustive study by the Macdonald-Laurier Institute – Canada’s premier non-partisan think tank – this video explains the risk all Canadians face: that federal taxpayers will have to pick up the tab for profligate provincial governments. It also explains what we can do to fix the problem!
Click here to watch “Debtbusters: Who’re broke provinces going to call?”
