Austerity Comes to Canada

Austerity Comes to Canada

Showdown time has finally come to Canada. Dalton McGuinty, Ontario’s pushover premier, has suddenly grown a backbone. There’ll be no more raises for teachers and doctors, and public-sector pensions will be trimmed. Austerity is here.

The public-sector unions are having fits. But Mr. McGuinty has seen the whites of the bond raters’ eyes, and knows he has no choice. The next shoe drops on Thursday, when Stephen Harper tells us how he plans to chop the federal civil service.

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