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Decisions past and present result in downgrade

Obesity isn’t caused by one doughnut, nor is a gold medal won with one workout. Success or failure is the sum of many decisions. So it is with Manitoba’s credit-rating downgrade, announced by international bond rating agency S&P Global on Thursday.
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Saskatchewan can get its AAA credit rating back

Saskatchewan has lost its AAA credit rating, according to the Standard and Poor’s bond rating agency. Saskatchewan’s economy is strong so there’s no need for panic, but this is sad news. A little more than two decades ago, Saskatchewan’s credit rating was on the junk heap. It took years of hard work to get our marks back to the top of the class. Now we’ve slipped, but if we take action now, we can turn it around.
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Saskatchewan loses AAA credit rating

The Canadian Taxpayers Federation (CTF) is calling on the Saskatchewan government to trim spending in the wake of a credit rating downgrade. Saskatchewan lost its AAA credit rating after bond rating agency Standard and Poor’s lowered its rating to AA+ with a negative outlook on June 24.
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Elsewhere from around the web

Ontario's $300 billion in debt explained

In a recent report, Financial Accountability Officer Stephen LeClair said Ontario’s net debt will reach $350 billion by 2020-21. He warned this province’s debt burden is one of the highest among Canada’s provincial governments and an interest rate hike could put its credit and “fiscal flexibility” at risk.
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Trudeau vs Canada’s youth​: Young Canadians are the big losers under Liberal government

Huge deficits in the $30-billion range, at a time when the economy is not in recession, are inexcusable. The cumulative addition to our debt over the next four years – $100 billion-plus if the 2016 budget documents are to be believed – will fall on future taxpayers.
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Manitoba's credit rating downgraded by Standard and Poor’s

Manitoba’s credit rating outlook has been downgraded again, through 2020. Standard and Poor’s says Manitoba’s credit outlook is “negative,” reducing its rating from AA to AA-.
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Uncontrolled spending driving Alberta government towards net debt position

The misguided belief that Alberta’s fiscal problems stem from inadequate revenues has already led to growth-inhibiting tax increases and calls for further tax hikes. These actions focus on the wrong side of the ledger. The government must reform and reduce provincial spending.
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