Crown_Corps_G&M_Jan_22_10 -...

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View Full Document Right Arrow Icon depends-on-the-asset/article1441292/ January 22, 2010 Good time to sell government assets? Depends on the asset By Bryne Purchase From Monday's Globe and Mail A sale should help resolve structural deficits, not just fetch a good price Governments everywhere are confronted with huge deficits. Economists believe that, in many cases, these are structural deficits - that even in economic recovery, they are unlikely to be eliminated by corresponding revenue growth and the end of recession-related spending. In this tough fiscal environment, some are urging asset sales. In Toronto, for example, some have suggested the sale of Toronto Hydro. Ontario may be considering the sale of all or parts of Hydro One, Ontario Power Generation, the Ontario Liquor Control Board and the Ontario Lottery and Gaming Corp. New Brunswick has negotiated a potential deal to sell NB Power. The federal government is also reviewing asset sales, such as the power division of Atomic Energy of Canada Ltd. How should the public evaluate potential government asset sales? Will they help to resolve
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This note was uploaded on 05/09/2010 for the course ADMS 1000 taught by Professor Sumwaru during the Winter '09 term at York University.

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Crown_Corps_G&M_Jan_22_10 -...

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