EISEN: Provincial finances go topsy-turvy from Ontario to B.C.

Article Link: https://torontosun.com/opinion/columnists/eisen-provincial-finances-go-topsy-turvy-from-ontario-to-b-c

Discussion posted by: IRWeasel

Recently, RBC Economics published a report about the impact of COVID-19 on provincial finances, which contained bad news for everybody, forecasting budget deficits in all 10 provinces totalling $63.1 billion – a tenfold increase over last year. A closer look at the report, however, reveals some remarkable changes among provinces. Simply put, provinces that used to have some of the strongest government finances in Canada are now in deeper trouble than provinces that once had reputations for poor fiscal management.