April 11, 2016 BC Chamber Public Affairs Update

by | Apr 11, 2016 | News | 0 comments

Public Affairs Update Header
April 11, 2016
In This Issue
Moody’s affirms British Columbia’s AAA rating and stable outlook
“We must get to yes on a pipeline”: Notley
The Public Affairs Update is your weekly insight, perspective and analysis on politics in British Columbia and Canada.  This newsletter is brought to you by the largest and most broadly-based business organization in the province, the BC Chamber of Commerce – the Voice of Business in B.C.

Moody’s affirms British Columbia’s AAA rating and stable outlook
Moody’s Investors Service has affirmed British Columbia’s AAA credit rating and stable outlook, thanks to the province’s diverse economy and strong fiscal management.

In affirming the AAA-stable rating – the highest possible – Moody’s writes: “The AAA issuer and debt ratings assigned to British Columbia reflect the diverse and relatively strong provincial economy, track record of prudent fiscal management and a high degree of flexibility to accommodate revenue and expenditure pressures. These positive elements helped the province return to balanced budgets faster than most other Canadian provinces following the 2009 recession and the province has posted a plan of continued balanced budgets across its rating horizon.”

“We must get to yes on a pipeline”: Notley
As 1,500 federal New Democrats arrived in Edmonton to debate if it’s a good idea to leave Alberta oil in the ground, Alberta’s NDP premier went on TV to express her support for new bitumen pipelines to tidewater.

“We can’t continue to support Canada’s economy, unless Canada supports us. That means one thing: building a modern and carefully regulated pipeline to tidewater,” Premier Rachel Notley said. “I can promise you this: I won’t let up. We must get to ‘yes’ on a pipeline.”

Notley made the comments on the eve of the federal NDP convention.
 
View our profile on LinkedIn Follow us on Twitter Like us on Facebook
 
 

This weekly report produced for the BC Chamber of Commerce by Fleishman-Hillard.  While every effort has been made to ensure the accuracy of the information included in this publication as of the date of issue, events and government policies are subject to frequent change.  Therefore, the BC Chamber of Commerce and Fleishman-Hillard cannot assume any responsibility for actions taken solely or principally on the basis on the information contained herein.

 

Submit a Comment

Your email address will not be published. Required fields are marked *