2014-07-04 at 11:55
Chamber concerned about province’s ability to axe deficit
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THUNDER BAY -- The Chamber of Commerce is concerned about the province’s ability to eliminate its $12.5 billion deficit.
Moody's Investor Service isn't waiting for this month's budget to pass judgment on Ontario's financial position. The credit rating agency has changed its outlook from stable to negative.
Moody's says there must be a considerable shift in government action to control spending.
Thunder Bay Chamber of Commerce president Charla Robinson says the change doesn't come as a shock.
The Ontario Chamber has been pushing for the need to balance the books in a more timely fashion.
Now, with a four-year mandate, Robinson hopes the Liberals make the tough decisions and get spending under control.
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