TORONTO, Ont. – According to a spokesperson for the Premier, the McGuinty government’s throne speech, Monday, will not announce selling parts of provincially-owned businesses.
It had been reported by the Toronto Star, who quoted a Liberal insider, that the McGuinty government would be floating a trial balloon that might involve the creation of a”super corporation” at some point.
The report by the Star said this super corporation supposedly would consider selling shares in Hydro One, the LCBO, and the OLG to private investors.
A McGuinty government spokesperson told 680News that “No decision has been made on the matter”, and that “there was a lot of speculation” involved.
The spokesperson said Ontario’s throne speech will instead focus on the Liberals’ five-year plan to dig the province out of a record $24.7-billion deficit.