(Current Platforms in Ontario’s 2018 Election Puts Province At Risk of a Credit Downgrade) Late Tuesday afternoon Moody’s downgraded the economic outlook for Ontario from stable to negative. In its press release Moody’s cited the recently tabled Liberal budget, and growing spending pressure from all parties that need to be
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The Sir Robert Bond Papers: Moody’s warns NL government on finances #nlpoli
Moody’s Investor Services is the second rating agency to give the Government of Newfoundland and Labrador a negative trending in light of the government’;s financial problems.In a release, Moody’s said that the “negative outlook for the Province …
Continue readingSusan on the Soapbox: OPEC Sets Up the Rollercoaster, Albertans Take a Ride (Again)
“You come from capitalist nations. You know what the market does. For any commodity it goes up and down, up and down”—Saudi Oil Minister Ali al-Naimi* Contrary to the expectations of many analysts, OPEC (read Saudi Arabia) decided it would not reduce its 30 million-barrel-a-day production quota in order to
Continue readingMontreal Simon: Kathleen Wynne, the Cons, and the Moody’s Mob
I'm pretty sure not many people in Ontario, let alone the rest of Canada, took time off from their busy lives, or Summer, to watch Kathleen Wynne's Throne Speech today.And neither did I eh? Because summer is too precious, life is too short, and since I'm flying to Britain soon, I've
Continue readingThe Scott Ross: How Reducing The GST Increased Your Debt
With declining productivity, higher unemployment, and deficit after deficit, it should be obvious the Canadian government would do anything to strengthen the economy, however it is not so obvious what that same government has done to weaken it. In a 2008 report it was predicted that the Conservative government in
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