Hydro sale a $1.8 billion bad idea say number-crunchers

Government accountants at Queen’s Park say the sell-off of Hydro One is $1.8 billion had idea. That’s how much money the public would have saved if the Liberal cabinet had simply borrowed what money it thought it needed. The Financial Accountability Office examined both scenarios and found the cost implications were clear. “Over the long-term, the FAO estimates that the province’s net debt will be higher as a result of the partial sale of Hydro One when compared to an alternative of borrowing to finance an equivalent amount of infrastructure investment,” said Jeffrey Novak, chief financial analyst for the FAO.

CBC SAYS OPP EXAMINING OPINION POLLS FROM 2014 ELECTION

John Lancaster at the CBC says the OPP has been looking into whether there was a financial benefit to Justin Di Ciano in Ward 5 and Mark Grimes in Ward 6 from polls done during the run-up to the 2014 municipal general election. The polls appear to have been paid for by Dunpar Homes, a firm that once employed Di Ciano. CBC

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