Moody's downgrades outlook on Ontario finances to negative
By News on the Net -- Toronto Sun—— Bio and Archives--April 18, 2018
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TORONTO — A key ratings agency has downgraded its outlook on Ontario’s finances to “negative” from “stable” in light of the Liberal government’s plan to run six consecutive multibillion-dollar deficits.
Moody’s Investor Services says spending pressure will challenge the province’s ability to “sustain balanced fiscal results” over a number of years. -- More....
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