lcbo

Doug Ford might sell the LCBO

The Ontario government is exploring new ways to rake in the cash, and a new report commissioned by Premier Doug Ford may lead to the sale of some important assets. 

A spending review released on Tuesday by cabinet minister Peter Bethlenfalvy found that the province could "monetize" Crown corporations in order to make a quick buck. 

The LCBO, Ontario Power Generation, and Ontario Lottery and Gaming could all be put up for sale in order to generate a one-time payout, if the province follows recommendations put forward in the report.

The provincial government is especially interested in making some revenue, as it has announced the budget deficit to be in excess of about $15 billion.

The report does state, however, that the long-term loss of the corporations may outweigh the short-term gain.

Deputy leader of the NDP-opposition, Sara Singh, says the sale of Hydro One in 2015 is an example of the negative ramifications of turning to the private sector. 

The provincial government has not yet commented on any plans to follow or reject the review's findings and reccomendations.

Lead photo by

Open Grid Scheduler


Join the conversation Load comments

Latest in City

No charges in killing of Ontario rare white moose

This Toronto chipmunk has more than 2 million followers on TikTok

The terrifying man Bloor St. was named after is adding a new twist to Toronto's history

People want to save these historic Parkdale buildings from demolition

A new Presto upgrade means you'll finally be able to see your balance on the TTC

Bridges that have disappeared in Toronto are now reappearing in a new way

Ontario expands capacity limits at sports stadiums and other large event venues

Climate strike protesters fill Toronto streets for global march