The province's debt is increasing by $768 per second.
The Canadian Taxpayers Federation is taking the mobile clock on tour to showcase the province's growing debt load.
While in Thunder Bay, the truck showed the province's debt was increasing by $768 a second and is well over $4 billion. "Every single dollar that Queens Park increases, the debt today is a dollar plus interest that Premier Doug Ford and taxpayers are going to have to pay back tomorrow," Haubrich said.In March, the province was predicting a $9.8 billion deficit when the budget was released.
Haubrich said Premier Doug Ford will have added billions in debt to the province during his time in office. "Since being elected by the end of this year, he's going to have added $86 billion of his own to the provincial debt. We need the premier to get spending down and balance the budget so this debt number could come down and less money can be wasted on interest payments."
The debt clock is making its way across Ontario and will be hitting key cities on its way to Queen's Park as well as Ottawa.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court sides with province on Ontario Place redevelopmentIt appears construction at Ontario Place can now continue following a decision by the Ontario Superior Court of Justice to uphold the Rebuilding Ontario Place Act.
Read more »
Judge dismisses court challenge to stop Ontario Place redevelopmentIt appears construction at Ontario Place can now continue following a decision by the Ontario Superior Court of Justice to uphold the Rebuilding Ontario Place Act.
Read more »
Officials in P.E.I. 'working around the clock' to curb spread of oyster diseaseThis map shows the zones on P.E.I., in red, that under quarantine due to the presence of the MSX pathogen in oysters.
Read more »
Sault cops clock 25-year-old Mercedes driver going 101 km/h on McNabbSpeeding vehicle was pulled over Tuesday and promptly impounded
Read more »
Bleday and Langeliers lift Athletics past Mets in longest game of the pitch clock eraJJ Bleday hit his first career grand slam, Shea Langeliers reached base five times for the second time in three games and the Oakland Athletics rallied to beat the New York Mets 7-6 on Thursday in the longest nine-inning game in the pitch clock era.
Read more »
Trudeau urges railways, union to reach an agreement as clock ticks down to massive shutdownRail cars are pictured at the CPKC Toronto Yard, in Scarborough, on Aug. 20, 2024.
Read more »