Greg Sorbara Stated Quotations

These results demonstrate a strong economy in Ontario and our commitment to strong financial management. As we stated in the 2005 budget, the deficit will be eliminated no later than 2008-09, or a year earlier, in 2007-08, if the reserve is not required,

Our advisors informed you on July 27, 2005, that the plan outline does not meet the province's stated objectives for a successful Stelco restructuring and, therefore, is not acceptable to us.

As we stated in the 2005 budget, the deficit will be eliminated no later than 2008-09, or a year earlier, in 2007-08, if the reserve is not required,