Quebec credit rating surpasses Ontario for first time ever
- Thread starter spaminator
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I can't say that I'm surprised. The current pack of Liberals are revolting into the worse government in the province's history
Balanced budget (even though balanced with 11 Billion equalization payment) makes a big difference 
Of course qc rates a AAA credit rating with the nations pm as its' guarantor, bombadeir can do no wrong and montreal does need a transit upgrade. Ottawa is not on qc turf but his office is so a robust transit system is essential for his subjects to catch a glimpse. What rating outfit would deny a prov credit that is underwritten by an entire nations taxpayers?
Ottawa's Light Rail Transit system will be a joke...
You have to take a Bus...walk...get on the train...walk...get back on a Bus, and then walk to your destination. Mark my words. It's going to be a billion dollar white elephant.
You have to take a Bus...walk...get on the train...walk...get back on a Bus, and then walk to your destination. Mark my words. It's going to be a billion dollar white elephant.
Holy shit you are an idiot. Credit ratings tanking makes interest paid higher flosshole. ON debt is more expensive than Quebec's.
Japan has the biggest debt in the world and they are living just fine. Great even.
You are easily fear mongered.
That doesn't change fact the ON's debt is at a higher interest rate than Quebec and other higher AA+ rated Provinces.
Credit rating is why some pay 1.9% for a Toyota while others pay 5.5%
Credit rating is why some pay 1.9% for a Toyota while others pay 5.5%
The credit rating that a state has imposed on it determines how much more or less of your tax money needs to ge taken to pay interest on the state's borrowed money. It comes straight out of your pocket when the credit rating goes down ... or, more accurately, the pockets of your yet unborn children the way we operate, these days.
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We borrow shytepiles of money from overseas. Our economy is internal to the planet's but it is in no way some sort of closed loop confined within Canada.
Our debt to GDP is good and we are investing in further growth.
For people who actually care about the economy (which is futile because it's fake anyway), we've never lived better.