Almost three years ago I wrote that Ontario risks becoming Canada’s Greece. Now the Fraser Institute, a conservative-leaning think tank, is releasing a report saying a similar thing.

The risks highlighted by Streetwise back then were not exactly rocket science – runaway health spending and a stubborn structural deficit, combined with increasing national strains because of a bifurcated economy with mineral-wealth haves and have-nots and a one-size-fits all monetary policy (presaging the whole Dutch Disease debate).