Honourable Victor Fedeli
Ontario’s Minister of Finance
” Budget 2019: Protecting What Matters Most ”
Apr 16th, 2019
Ontario’s Minister of Finance Vic Fedeli delivered remarks following the 2019 Ontario Budget, released on April 11. The government’s first budget under Premier Doug Ford will protect the core services that matter most to the people of Ontario, including its world-class health care and education systems, while putting the province on a responsible and sustainable path back to balance. The government is committed to creating and protecting good jobs in Ontario, and putting the people first in every decision government makes.
Vic Fedeli was born and raised in North Bay. His grandparents chose to come to Ontario from Italy with ambitions of a far better life and more opportunity for their young families.
In his 20s he opened Fedeli Advertising, the first ad agency north of Toronto. As a young entrepreneur, he developed the company into a global agency doing work all over the world, from their base in Northern Ontario. One of the proudest moments of his business career was when Fedeli Advertising was named 34th in the Top 50 Best Places to Work in Canada.
In 1992, Vic sold the firm and devoted the next 11 years to managing three non-profit ventures. He founded Air Base Property Corporation, a local development agency that took over the airside assets of CFB North Bay. Vic used his business experience to write the business plan that attracted Voyageur Airways, which now employs over 350 people involved in repair and overhaul of aircraft from around the world.
In 2003, Vic ran for mayor of North Bay and as a first-time candidate was elected with 75% of the vote. He was re-elected in 2006 in another landslide. As mayor, Vic transformed the city, restoring both hope and solvency. Moody’s Investors Service took notice, increasing the city’s credit rating five times to their highest possible rating – substantially reducing the city’s debt interest payments.
Internationally, Vic was one of only two North American mayors invited to the prestigious Government Leaders Forum hosted by Bill Gates and had the pleasure to discuss a municipality’s role in governing, with former U.S. Secretary of State, Madeline Albright.
He made news on both sides of the border when he successfully launched a grassroots campaign to reverse the U.S. ‘Buy American’ provision, earning special acknowledgment from then U.S. Ambassador to Canada, David Jacobson.
In 2011, after keeping his promise to step down as mayor after serving two terms, Vic was elected to serve the people of Nipissing at Queen’s Park. In 2014, Vic was re-elected as Nipissing MPP. He served as Energy and Finance Critic in the Official Opposition shadow cabinet. He was re-elected in 2018 and was appointed as Ontario’s Finance Minister and Chair of Cabinet by Premier Doug Ford.
Vic and his wife Patty live in North Bay.
Listen to the audio below: