credit rating

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Trudeau government eyeing massive new social programs

The federal budget deficit in 2020-21 is an esitmated $343.2 billion.


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Ontario plans to add approximately $34 billion in new debt over the next three years.


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British Columbia, with its lower level of per student spending, has some of the best student performance results in Canada.


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Orwellian may be the most misused adjective in the language. Just about anything qualifies, from security cameras to law-and-order legislation to the bonus scheme for the Pan Am Games.


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With the United States credit rating recently being downgraded and some European countries teetering on the verge of debt crisis, Canadians can rightly be proud of the country’s AAA credit rating.

That said, Canadians should not get too complacent. With growing concerns about a slowing global economy, Canadian politicians should put forth genuine plans to restore balance to the nation’s finances.

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Credit rating agencies came away from the global financial crisis with damaged reputations but they have since taken a step forward in redeeming themselves by showing their independence against their government regulators. To wit, Standard & Poor’s recently placed a negative outlook on the U.S. government and Moody’s warned that the U.S. will need to reverse the expansion of its debt if it hopes to keep its current rating.