Scenario Planning Outside Ontario and Quebec
After a one day hiatus, we’re back to the topic of scenario planning. You’ll recall that on Wednesday, I showed some pretty pessimistic projections for what could happen to university financing in Quebec and Ontario. Today, I have some better news for people in seven of the eight other provinces: your futures aren’t nearly so disastrous. When scenario-planning at the provincial level, four things matter: 1) The forecast for nominal GDP. Over the long-run, government budgets tend to remain pretty stable