Monday, 18 June, 2018

Watson congratulates Ford and new PC Government

Doug Ford's Ontario PCs To Form Majority Government Populist Doug Ford set to win Ontario polls, promises prosperity
Sammy Stanley | 09 June, 2018, 07:44

Reporter Alastair Sharp interviews federal Conservative MP Tony Clement on June 7, 2018 in Toronto following Premier-elect Doug Ford's victory speech.

But for progressives who lent their support to the NDP in Thursday's election - one in three voters - the election of a Doug Ford government may be the worst of times.

Ford's right-wing Progressive Conservative Party (PC) ultimately won 76 of the 124 seats in Ontario, despite the fact that over a quarter of its candidates "are now facing lawsuits, probes, and police investigations".

Ford spent most of his career running the family label business, and also served a term on Toronto's city council.

If you live in Ontario, there's a Ford in your future.

It's not clear how Ford will fund his promises, as the party didn't release a fully costed plan.

"He ran a campaign of slogan", said Chris Waddell, a professor at Carleton University's school of journalism and communications in Ottawa.

The Conservatives, who last ruled in 2003, have a history of deficit reduction while cutting spending and taxes. Ontario, home to some of Canada's biggest companies and its financial services hub, is the largest sub-sovereign borrower in the world.

But the dizzying pace of initiatives rolled out by Wynne's government might have also played a role, said de Clercy, citing a hike in the minimum wage and reforms in workplace legislation and education as examples.

France's Macron threatens rare rebuke of US at summit
German Chancellor Angela Merkelsaid they were " illegal ", while Trudeau said they were "insulting and totally unacceptable". But he said even that amount "would not address the underlying, long-run concerns the United States has with China".

The Canadian dollar rose 0.2 percent to C$1.2952 per US dollar at 11:36 a.m.in Toronto, reducing its loss this quarter to 0.4 percent, the best performance among 16 major currencies tracked by Bloomberg.

Ontario bonds have lagged the rest of the market this year, with a 0.9 percent decline against the market's 0.5 percent loss, according to a Bank of America/Merrill Lynch index.

Ford succeeds Kathleen Wynne, a five-year incumbent who conceded last week that she was headed for defeat. Pollsters had long predicted that voter frustration about growing inequality, the rising cost of living and economic uncertainty would take a toll on her party.

Speaking to supporters Monday night, Wynne said she will be stepping down as leader of her party.

The NDP's move to official opposition comes as Horwath sees her third election as leader and moves the party to its strongest position at Queen's Park since Bob Rae was premier in the mid-90s.

Over in Guelph, Mike Schreiner became the first Green Party candidate elected in Ontario.

For example, Ford has promised to cut income taxes by 20% for those earning between $43,000 and $86,000. Ford also wants to get rid of the chief executive officer of Hydro One Ltd., the provincial utility that was sold to investors through an initial public offering in 2015.

In a series of tweets, Philippe Couillard said it had been "a great pleasure" working with Wynne, who he called "a great Premier and a good friend".

"Over the next few days and couple of weeks - I figured the transition will take 21 days - and we'll be able to answer that as we move forward", he said. "I'm just getting chills talking about him right now".

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