Northern Development Minister Michael Gravelle came under fire in the provincial legislature Thursday for inaction at the Ring of Fire, with the NDP charging that the Liberals are on track to kill a $60-billion mining project.
TORONTO – Ontario’s Opposition says a Liberal government plan to tax the mineral chromite prompted Cliffs Natural Resources to pull out of the Ring of Fire mining project in the province’s north.
Ontario’s budget watchdog warns there is a “significant risk” that the Liberal government will not balance the province’s books by 2017-18 as promised.
Financial accountability officer Stephen LeClair says there’s been a slowdown in the economy since the 2015 provincial budget projected growth of 4.3 per cent in each of the next three years.
Ontario Northland is changing its motor coach service due to low ridership, according to the company.
Ontario Northland Transportation Corporation announced the changes earlier this week and are scheduled to take effect Nov. 15.
Nipissing MPP Vic Fedeli is concerned the possible work stoppage in the Ring of Fire could impact North Bay mining supply businesses.
Fedeli’s fears came after the Financial Post reported Noront Resources Ltd. warned the Ontario government and First Nations communities that it will stop work unless it can show some progress to its investors.
Ontario families are now paying more to turn on their lights.
As of Nov. 1 hydro rates increased by about 3%. It’s the second consecutive increase since May.
And there’s more coming.
TIMMINS – The dream of buying and owning a home in Ontario may be about to get drastically more expensive — and for many, may simply become unaffordable.
Premier Kathleen Wynne’s government is getting closer to amending the Municipal Act to authorize all municipalities to charge a Municipal Land Transfer Tax.
TORONTO — Ontario’s new budget watchdog warns the Liberals’ plan to sell Hydro One, the giant transmission utility that turns over $750 million a year to the government, will have a negative impact on the province’s finances.
“Monday’s downgrade acknowledges that Ontario’s deficit has grown from $9.2 billion to $10.5 billion to $10.9 billion under Kathleeen Wynne, and that Ontario does not have a revenue problem, it has a spending problem.”