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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

Record setting budget deficit results in credit rating drop for province (CKPG Today)


The recent provincial budget set a record deficit at $7.9 billion, causing B.C.’s credit rating to drop. S & P Global, one of four major credit rating companies, dropped B.C. from an AA ranking to AA-, the second year in a row the province dropped.

...S & P Global’s report states “the province’s commitment to fiscal discipline and stability has wavered in recent years as B.C. has materially increased its spending for both operations and capital investment to unparalleled levels, while economic growth is slowing” ...

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