Moody’s Reaffirms Canada’s AAA Credit Rating

[Locutus]

Trudeau's 'economics gurus' didn't anticipate this:

https://twitter.com/RDSimper/status/381198136963657729

The Honourable Jim Flaherty, Minister of Finance, today welcomed Moody’s Investors Service’s report which stated that Canada’s AAA credit rating “reflects a large, diversified economy and sound macroeconomic policy management.”

“This latest report from Moody’s underscores the effectiveness of Canada’s Economic Action Plan in supporting Canada’s economy in the face of a challenging global environment,” said Minister Flaherty. “Canada’s resilient economic performance over the recovery is clearly reflected in our robust labour market performance to date, with over one million more Canadians working today than in July 2009, when the recession ended.”

The U.S.-based credit rating agency also said in its latest report that a political consensus on maintaining relatively low government debt levels coupled with a benign economic outlook should allow the Government of Canada to balance its budget within the next few years.

“This conclusion supports our view that, with Economic Action Plan 2013’s focus on the drivers of growth and job creation—innovation, investment, education, skills and communities—underpinned by our ongoing commitment to keep taxes low while carefully controlling spending, we are on track to return to a balanced budget by 2015,” said Minister Flaherty.


Moody's Reaffirms Canada's AAA Credit Rating

 

[Walter]

Stupid Harper.

 

[taxslave]

It must really bother the leftards that Harper &co are doing a good job with the economy and actually balancing the budget while lowering taxes. the only way the libs could even come close was to download costs to lower levels of government and steal from the EI fund and use a lot of smoke and mirrors.

 

[SLM]

It must really bother the leftards that Harper &co are doing a good job with the economy and actually balancing the budget while lowering taxes. the only way the libs could even come close was to download costs to lower levels of government and steal from the EI fund and use a lot of smoke and mirrors.

I have no issue whatsoever with how the economy is doing, don't change a thing as far as I'm concerned. Slow and steady wins that race, and opportunities are out there.

Now if we could only get them to open up the expense books and, oh I don't know, perchance stop claiming expenses for houses they don't live in, we'd be all hunky dory.

 

[DaSleeper]

But..... But.....The shiny Pony wants to legalize Pot.........Waayyy more important!

 

[SLM]

But..... But.....The shiny Pony wants to legalize Pot.........Waayyy more important!

Only to very stoned people.

 

[DaSleeper]

Only to very stoned people.

You don't have to be a stoner to be a Liberal.............but it helps8O

 

[SLM]

You don't have to be a stoner to be a Liberal.............but it helps8O

Everybody Must Get Stoned - Bob Dylan Cover - by purplehazed54 - YouTube

 

[taxslave]

I have no issue whatsoever with how the economy is doing, don't change a thing as far as I'm concerned. Slow and steady wins that race, and opportunities are out there.

Now if we could only get them to open up the expense books and, oh I don't know, perchance stop claiming expenses for houses they don't live in, we'd be all hunky dory.

WHen enough people are loud enough about it expense accounts will be seriously looked at. Part of the current problem is the loose way rules are written. They need to be clear and concise with no loopholes for lawyers to manipulate.

 

[SLM]

WHen enough people are loud enough about it expense accounts will be seriously looked at. Part of the current problem is the loose way rules are written. They need to be clear and concise with no loopholes for lawyers to manipulate.

People need to get a lot louder real soon then.

 

[hunboldt]

According to the latest EKOS polls
A Midsummer Checkup - July 18, 2013 « EKOS Politics

conservative support is ' overly concentrated in the Western provinces, but losing in BC, the Heartland, a and heavily in the Maritimes.
Which indicates a Liberal Minority Government in 2015, all tealeaf gazing aside.

 

[SLM]

According to the latest EKOS polls
A Midsummer Checkup - July 18, 2013 « EKOS Politics

conservative support is ' overly concentrated in the Western provinces, but losing in BC, the Heartland, a and heavily in the Maritimes.
Which indicates a Liberal Minority Government in 2015, all tealeaf gazing aside.

The only poll that counts is the one on election day.

 

[hunboldt]

The only poll that counts is the one on election day.

Pretty much in this case!

A liberel policy supporting entrepreneurship and TSX reform could win Ontario. Ontario is 'key'.

 

[coldstream]

One of the great scams in the modern world... these pivate agencies.. representing private banking interests.. deeming themselves credible assigners of national credit worthiness.

The fact is that Central Banks should NEVER be borrowing from pivate sources. In certain cases they might borrow from other Central Banks. But printing bonds to borrow is exactly equivalent to printing currency.. EXCEPT that it puts the insidious gremlin of interest into the equation. They might as well print currency.. and use regulation of the banks and credit to control the monetary supply so as not to foment inflation.

By issuing bonds to sop up excess currency, nations the set in motion a spiralling dynamic that requires ever greater debt to service its previous commitments.. which must be continually turned over.. as full redemption will implode the world's monetary system. It is now many times greater than the real productive capacity of the world to absorb.. hyper inflation would be the result. But ultimately it will collapse.

What we have now is a sell out of a the sovereign privilege of controlling the currency to Wall Street.. and the notoriously corrupt ratings agencies.. who managed to TOTALLY miss the impending financial meltdown in 2008.. caused the fraudulent issue of mortgage backed derivatives as Triple AAA. when they were really worthless junk bonds... BY THEIR CLIENTS.

They are scum of the earth... the IMF, the Banks (including the 'World Bank').. AND their Credit Agency stooges.