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TORONTO, ONTARIO -- (Marketwire) -- 01/30/13 -- The Fraser Institute will release a new report examining the state of Ontario's debt and deficits on Thursday, January 31 at 6:30 a.m. (Eastern).

The study, The State of Ontario's Indebtedness, looks at Ontario's deficit and debt from three perspectives: a comparison to California and its debt load, the future of Ontario's debt if current spending trends continue, and a comparison of Ontario's debt load and spending outlook to that of Greece. Combined, the three chapters detail the extent of the problem facing Ontario and paint a cautionary tale of what could happen if the Ontario government delays taking action.

Authors of the report include Fraser Institute economists Jason Clemens and Niels Veldhuis, University of Calgary economist Ron Kneebone, and Lakehead University economist Livio Di Matteo.

A news release with additional information will be issued via Marketwire at 6:30 a.m. (Eastern) on Thursday, January 31.

The full report will also be available as a free PDF download at www.fraserinstitute.org.

NOTE: Niels Veldhuis, Fraser Institute president, will be in Toronto and available for media interviews on January 31.

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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.



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Contacts:
Fraser Institute
Jason Clemens
Executive Vice-President
(604) 714-4591
jason.clemens@fraserinstitute.org

Fraser Institute
Niels Veldhuis
President
(416) 363-6575; ext 546
Mobile: 604-505-6408
niels.veldhuis@fraserinstitute.org

Fraser Institute
Dean Pelkey
Director of Communications
(604) 714-4582
dean.pelkey@fraserinstitute.org
www.fraserinstitute.org