Today, Standard and Poor’s downgraded the Alberta government’s credit rating in part due to “concerns of weak budgetary performances and rising debt burden.”
Blog - Fraser Forum
Name something our governments aren’t already doing. Now name something our governments are doing spectacularly well.
When federal Finance Minister Bill Morneau meets with his provincial and territorial counterparts next week, expanding the Canada Pension Plan will be on the agenda.
Benefits of the project would have included more than $223 million in direct transfers to Tsawwassen members.
Housing markets in Canada’s largest cities are once again the subject of national news, this time because of an increase of the minimum down payments for government-backed mortgages.
As recent as 2009/10, Quebec’s per-person net debt burden was approximately $4,400 higher than Ontario’s. That gap is projected to be just $1,100 this year.
A higher target rate will raise uncertainty about future inflation and be costly for the economy.
The federal government’s projected fiscal balance has gone from a $4.3 billion surplus to a budget deficit that could be as large as $25 billion.
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