Tag: doug ford

  • Progressive Conservatives projected to win re-election in Canada’s Ontario province

    The Progressive Conservative get together was projected to win re-election Thursday night in Ontario, the nation’s most populous province, the Canadian Broadcasting Corp stated, handing a second time period to premier Doug Ford.

    The right-leaning Progressive Conservatives would win a majority of the provincial legislature’s 124 seats, CBC projected, shortly after the shut of voting. The get together held 67 within the final legislature.

    The outcomes are a victory for Ford, who weathered criticism over his dealing with of the coronavirus pandemic and the province’s strained well being care system, however will retain energy on the again of a promise to extend spending regardless of an enormous current debt load.

    The projected final result got here rapidly regardless of some election-day hiccups. Elections Ontario prolonged voting for as much as two hours in some polls in 19 completely different electoral districts after delays to the beginning of voting.

    Best of Express PremiumPremiumPremiumPremiumPremium

    Ford’s Progressive Conservatives swept to energy in 2018 after 15 years of Liberal rule.

    Ontario, dwelling to simply underneath 40% of Canada’s 38.2 million individuals, is Canada’s manufacturing heartland. It can also be one of many world’s largest sub-sovereign debtors, with publicly held debt at the moment standing at C$418.7 billion ($330.8 billion).

    With inflation in Canada at a three-decade excessive, housing and cost-of-living points drove the election marketing campaign.

    In a pre-election finances tabled in April, Ford promised billions of {dollars} of spending on infrastructure initiatives and outlined a tax credit score for low-income earners, leading to the next finances deficit within the present fiscal yr than the final.

    Ontario Premier Doug Ford gestures at his Ontario PC Party provincial election evening watch get together on the Toronto Congress Centre in Etobicoke, Ontario, Canada, June 2, 2022. (Reuters)

    The finances additionally put forth a slower path again to steadiness than some analysts had anticipated.

    With a debt-to-GDP ratio of 40.7%, Ontario’s debt load is larger than the subsequent three most populous provinces and it pays extra to borrow within the bond market.

    Ford’s reputation plunged in 2020 amid accusations Ontario had bungled the Covid-19 epidemic.

    But his fortunes revived this yr, partly by way of some populist strikes like eliminating license plate renewal charges and increasing a overseas purchaser tax on houses.

    The New Democrats’ chief Andrea Horwath campaigned on a promise to create annual hypothesis and emptiness tax on residential property.

    The Liberals, led by Steven Del Duca, promised to cut back public transit fares whereas imposing a surtax on corporations with annual earnings exceeding C$1 billion.