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Stock impact report

News Opinion: Alberta needs to bring back Ralph Klein's fiscal rules Special to Financial Post | Lennie Kaplan In this article : [Yahoo! Finance Canada]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
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and Reporting Act, which it passed in spring 2023 — to prevent nearly $24 billion in accumulated budget deficits over the next three years or the ballooning of the province's debt to over $137 billion by 2029. Credit-rating agencies' responses to the budget were ominous. Moody's said the “combination of large deficits, rising debt and a weaker outlook for oil prices is credit negative,” while DBRS judged that “… rising debt further limits the government's ability to respond to an unexpected economic slowdown within the current credit ratings.” The government's current fiscal rules clearly haven't done the job they're meant to do. The current spike in oil prices will provide short-term fiscal relief but this is a structural problem that needs to be addressed now. The legislated fiscal framework the Smith government brought in with such fanfare just before the 2023 provincial election was supposed to maintain fiscal discipline, but has instead perpetuated the government's over-relia Show less Read more
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