How’s That Liberal Parasite Majority Workin Out? Moody’s issues warning about Ontario’s growing deficit

On the eve of a Throne Speech outlining Premier Kathleen Wynne’s plan for her new majority mandate, Moody’s has issued a stark warning on Ontario’s growing deficit.

The bond rating agency has changed its outlook on the province to “negative,” cautioning its credit rating could be downgraded if it doesn’t show progress either cutting spending or hiking revenues. In a note late Wednesday, Moody’s said it was concerned by the Liberals’ plan to miss interim targets for erasing red ink.