Alberta sees another credit rating downgrade on rising debt levels
S&P Global Ratings expects continued high deficits in the next two years as the province tries to stimulate the economy.
Ontario projects $7.5B deficit in 2016
Province also downgrades 2015 growth expectations, dropping projected real GDP growth to 1.9% from 2.7%.
Moody’s changes Ont. debt outlook to negative amid deficit fears
Credit agency warns the Kathleen Wynne’s Liberals must make a considerable shift “from recent trends” to meet deficit targets.