Posted AT 5:53 AM EST on 21/03/08
Ontario at risk of mild recession, TD report says
TORONTO — Ontario's weakening economic fortunes are leading to new calls to reform federal transfer programs used to divvy up riches among the provinces.Canada's most populous province will rank at the bottom of the heap this year, with its economy growing just 0.5 per cent, says Toronto-Dominion Bank in a particularly gloomy report that for the first time raises the spectre of Ontario slipping into a mild recession.
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