ALBERTA HAS NO CREDIBLE PLAN TO REDUCE FUTURE DEFICITS

There will be more political fallout than financial consequences from a credit-rating agency’s new negative long-term outlook for Alberta, a Mount Royal University political studies professor says.
DBRS on Friday said the provincial government’s continuing accumulation of debt and no “credible” plan to reduce future deficits prompted the agency to forecast a negative outlook for Alberta’s finances, instead of its previously stable state.