Ontario’s big bad budget news gets bigger, badder
because liberals
The really big number in the latest budget — a $310 billion debt — keeps getting bigger. And badder.
With the Liberals’ stillborn spring budget reincarnated as a summer spending plan, storm clouds loom over Ontario’s debt horizon.
Two years ago, Moody’s downgraded our credit rating. Two weeks ago, the rating agency placed Ontario on a “negative outlook” for another possible downgrade — a precursor to potentially higher interest rates.
Just how bad is it?
The opposition Tories have been warning for years that Ontario is heading the way of Greece, which faced the spectre of bankruptcy two years ago. But as the Progressive Conservatives discovered on the campaign trail, voters rarely cast their ballots on the basis of balance sheets.
mo
Ontario’s big bad budget news gets bigger, badder: Cohn | Toronto Star
because liberals
The really big number in the latest budget — a $310 billion debt — keeps getting bigger. And badder.
With the Liberals’ stillborn spring budget reincarnated as a summer spending plan, storm clouds loom over Ontario’s debt horizon.
Two years ago, Moody’s downgraded our credit rating. Two weeks ago, the rating agency placed Ontario on a “negative outlook” for another possible downgrade — a precursor to potentially higher interest rates.
Just how bad is it?
The opposition Tories have been warning for years that Ontario is heading the way of Greece, which faced the spectre of bankruptcy two years ago. But as the Progressive Conservatives discovered on the campaign trail, voters rarely cast their ballots on the basis of balance sheets.
mo
Ontario’s big bad budget news gets bigger, badder: Cohn | Toronto Star
