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July 22, 2014

Ontario should not delay fiscal consolidation, while Ottawa should take a more gradual approach than planned, according to a report from the C.D. Howe Institute. In “User Discretion Advised: Fiscal Consolidation and the Recovery,” author William Scarth calls on the Ontario provincial government to address its long-term sustainability challenges before it embarks on any major new expenditures, while stating that the federal government should delay its final stage of deficit reduction.



William Scarth

Bill Scarth is Professor Emeritus, Economics, at McMaster University. While teaching there he received both the President's Award for Excellence in Instruction and several McMaster Students Union Teaching Awards including the MSU’s highest honour - their Lifetime Achievement Award for Teaching.