Province promising lower deficit and hydro rates – for now

The price of power is going down a little – then, up a lot. That’s the headline from Thursday’s mini-budget delivered by the finance minister at Queen’s Park.

The much talked about 10% cut to hydro rates will be ultimately lost by an almost 50% hike over the next five years. It’s all thanks to the Ontario Green Energy Act. Lisa Hepfner has the story and reaction from Queen’s Park, while Nick Dixon interviews Finance Minister Dwight Duncan.

Lisa Hepfner’s look at the Economic Statement:

Nick Dixon’s interview with Dwight Duncan:

Related: Statement coverage from News Now