Ontario Premier Doug Ford says taxpayers changed his mind on decision to buy private jet

Ontario Premier Doug Ford said he will reverse his decision to buy a used $29 million private jet after hearing backlash from taxpayers over the weekend. The announcement is a political and governance issue rather than a market-moving financial event. No direct material impact on markets is indicated.

Analysis

Ontario Premier Doug Ford said he will reverse his decision to buy a used $29 million private jet after hearing backlash from taxpayers over the weekend. The announcement is a political and governance issue rather than a market-moving financial event. No direct material impact on markets is indicated.