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    • Credit downgrade

    Making sense of provincial debt downgrades

    Why Canadians in all regions should watch mounting provincial debt levels with concern

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    We don’t like your budget: Ontario’s credit rating could face downgrade by Standard and Poor’s

    Ontario Premier Dalton McGuinty had little time to celebrate the passing of his Liberal budget on Tuesday at Queen’s Park. The following day, Standard and Poor’s put Ontario’s credit rating under “negative credit watch,” reports the Financial Post. This is all but a threat to downgrade the province’s credit rating from the current AA-.