Even in my younger finance career, I never would have thought we would see the numbers we do now - $327B in debt....just for Ontario! For the entire country of Canada I never expected such a magnitude, nevermind one province of 13 provinces and territories!
Here's how it happened. Note, around the time I graduated, the debt nearly doubled from....$35B to $62B. Since the Dalton McGuinty days, Ontario's debt has increased nearly 2.5x from $139B to the current $327B as released April 27th.
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