April 11, 2016 BC Chamber Public Affairs Update

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April 11, 2016
In This Issue
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.

 
 

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