Moody’s Investor Services is the second rating agency to give the Government of Newfoundland and Labrador a negative trending in light of the government’;s financial problems.In a release, Moody’s said that the “negative outlook for the Province … . . . → Read More: The Sir Robert Bond Papers: Moody’s warns NL government on finances #nlpoli
“You come from capitalist nations. You know what the market does. For any commodity it goes up and down, up and down”—Saudi Oil Minister Ali al-Naimi*
Contrary to the expectations of many analysts, OPEC (read Saudi Arabia) decided it would not reduce its 30 million-barrel-a-day production quota in order to prop up oil prices.
. . . → Read More: Susan on the Soapbox: OPEC Sets Up the Rollercoaster, Albertans Take a Ride (Again)
I'm pretty sure not many people in Ontario, let alone the rest of Canada, took time off from their busy lives, or Summer, to watch Kathleen Wynne's Throne Speech today.And neither did I eh? Because summer is too precious, life is too short, and since I'm flying to Britain soon, I've got other things . . . → Read More: Montreal Simon: Kathleen Wynne, the Cons, and the Moody’s Mob
With declining productivity, higher unemployment, and deficit after deficit, it should be obvious the Canadian government would do anything to strengthen the economy, however it is not so obvious what that same government has done to weaken it.
In a 2008 report it was predicted that the Conservative government in lowering the GST from 7% . . . → Read More: The Scott Ross: How Reducing The GST Increased Your Debt