With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower

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O’Leary calls out Wynne in open letter

Hi Premier, just saw you are setting up a new $1.9 billion cap and trade fund that you and Finance Minister Charles Sousa will be overseeing. Congratulations, you two are now managing the largest hedge fund in Ontario’s history!

I’m just as optimistic as you are. But I recently made a promise to every taxpayer in Canada that I would call out mediocrity, incompetence and risk in government economic and fiscal policy, so I feel the need to verify a few things:

* This new slush fund will have its own independent and transparent account, right?

Read more of the letter here in the Toronto Sun. http://www.torontosun.com/2016/02/28/open-letter-from-kevin-oleary-to-kathleen-wynne#

With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower

Read the full story here in the National Post http://business.financialpost.com/news/economy/with-twice-the-debt-of-california-ontario-is-now-the-worlds-most-indebted-sub-sovereign-borrower

 

 

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