The C.D. Howe Institute report looked at 31 of Canada's largest municipal and regional governments - zeroing in on their budgets and year-end financial reports

A new report finds most of Canada's big cities are getting a low or failing grade when it comes to transparency with their budgeting process.

The C.D. Howe Institute report looked at 31 of Canada's largest municipal and regional governments - zeroing in on their budgets and year-end financial reports.

16 of the 31 got a grade of D or F.

Kitchener was among those to get a failing grade.

It says Kitchener and the other cities that registered an F - "failed, providing little information in reader-friendly form."

The City of Waterloo received a C grade.

Cambridge was not part of the report.

You can read the full report here.

