Ontario should rein in fiscal spending plans, prepare for lower growth ahead: Economists

Doug Ford’s Progressive Conservatives will take on Premier Kathleen Wynne’s Liberal Party in a crucial election in June at a time when Ontario’s $800-billion economy needs to be deftly managed amid rising uncertainty, especially from the U.S., its biggest trading partner, experts warn. 

Royal Bank of Canada is projecting Ontario’s economy to grow two per cent in 2018, then slow to 1.6 per cent in 2019 — slightly above the Canadian average. However, increased capital spending,...

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