Downer shares surge on rising profit
Finance Minister Bill Morneau revealed Friday that Fitch Ratings had placed his government’s bond rating on hold.
“You know that some of the best things are free,” Morneau said. “But when it comes to our own debt, we have decided we have to do something about it.”
The bank announced that it would d더킹카지노elay its downgrade to junk on Dec. 1 after the government announced it had cut the budget deficit to 1.2 per cent of GDP from 2.8 per cent, from 1.5 per cent.
Fitch also lowered its rating for the government’s budget surplus to stable from negative for the com더킹카지노ing period because of the tax and spending policies announced by the previous government and by Morneau’s government’s plan to raise taxes and boost infrastructure spending.
“We also believe that changes to the tax system and the economy will have lasting effects and that will continue to be a key contributor to the economy’s performance, while keeping a small positive impact on economic growth,” Fitch said in a statement Friday.
This will result in the lowest rating available today. (CBC)
Fitch also lowered its grade on the government’s budget surplus to stable from negative, meaning the bank will be less inclined to cut government debt as it sees fit.
The latest ratings cut is part of Morneau’s plan to cut spending and tax, which is part of the government’s “reduction of government debt,” which will come in two phases and will be completed by mid-2018.
This follows the government’s decision to cut the cost of student tuition, as well as a controversial tax increase announced in January that had to be paid for by the province of Quebec an우리카지노d not the federal government.