Ontario’s auditor general says the Liberal government’s statements on the province’s finances understate its deficit by billions. In a pre-election report released Wednesday, Bonnie Lysyk also says the government has not accurately reflected the true cost of its borrowing plan to cut hydro rates by 25 per cent, and is raising questions about the way it accounts for revenues related to two teacher pension plans. As a result, Lysyk says the government’s deficit projections are off by 75 per cent in 2018-2019, jumping to 92 per cent in 2020-2021. Lysyk says the 2018-2019 deficit projected by the government was $6.7 billion and will instead by $11.7 billion. The deficit projections for 2020-2021 are $6.5 billion, but Lysyk says that figure will actually be $12.5 billion.
PLANE WITH SIX ABOARD LANDS SAFELY ON CALGARY STREET
A small plane carrying six people made an emergency landing on a Calgary street Wednesday morning. Police say the twin-engine plane was coming in from the south, heading for a landing at the Calgary airport, when the pilot radioed in that the aircraft was low on fuel. Sgt. Duane Lepchuk said the plane came down shortly before 6:00 a.m. on a two-lane stretch of 36th Street, about five kilometres south of the airport and not far from the Trans-Canada Highway. There were no injuries among the four passengers and two crew members. “36 (Street) is an overpass that goes over the Trans-Canada,” noted Lepchuk, who said there was no indication the plane was damaged during the landing.
