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The Ontario government hopes to raise $4 billion from a partial sale of Hydro One and hundreds of millions more from the reform of its booze sales to help fund transit and infrastructure.

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It’s been almost 30 years since Ontarians were told they would be able to buy beer in a grocery store, and it’s finally about to happen.

The big news — that brews are coming to your grocery stores and possibly in time for the 2015 holiday season — was revealed weeks ago.

But like a Price Is Right bit, the Ontario government announced Thursday, wait, there’s more!

Read more…

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The Liberals plan to sell 60 per cent of Hydro One, a Crown corporation that handles both province-wide transmission as well as distribution to some parts of Ontario, through a series of offerings in the coming years. An expert panel that drafted the reforms, led by former banker Ed Clark, estimates the sale will raise $9 billion. Of that amount, $5 billion would be used to pay down debt and $4 billion would go to the Trillium Trust for transit and infrastructure. The initial IPO of about 15 per cent of the company could raise between $2 and $2.5 billion.