More Harm Than Good

Austerity’s Impact in Ontario

This report shows that Ontario hasn’t returned to pre-recession economic health. Austerity measures are compounding the problem, effectively slowing economic growth. Trish Hennessy and CAW economist Jim Stanford note that the province’s deficit predictions were wildly overstated and that the employment rate hasn’t returned to the pre-recession rates. They maintain that creating jobs, not austerity measures, should be Ontario’s top priority.