David Reevely: Ontario’s get-cash-fast plan — sell what it should keep and keep what it should sell - News Summed Up

David Reevely: Ontario’s get-cash-fast plan — sell what it should keep and keep what it should sell


Ontario is still selling Hydro One but not its provincial lotteries. It’s selling the thing it should keep and keeping the thing it should sell, making two wrong decisions because the government needs the money. The lottery disposal was scrapped last Friday when the Ontario Lottery and Gaming Corp. decided it couldn’t make enough bank off contracting it out. But he did say, plainly, that the driving consideration here is how much cash any particular move will bring in. RelatedNow compare Hydro One, where there actually is a principled reason for the government to keep ownership and control.


Source: National Post September 27, 2016 03:00 UTC



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