RE:Province looks to feds for Ring moneyOntario, is 300 Billion in debt some of which is held in US dollars, and the costs of servicing the debt increases daily as the CDN dollar falls, over the last few months Ontario has to pay extra loan payments in the billions....Fantasy-land.....
Federal Support to Ontario
In 2015-16, the Government of Ontario will receive $20.4 billion through major transfers – an increase of $9.6 billion from 2005-06.
In 2014-15, the Government of Ontario will receive $19.2 billion in major transfers, accounting for 16 percent of its revenues in that year.