Newfoundland effectively insolvent

[FarmJunkie]

Manitoba is phuck a rood to. After all the years of Stalinger and Doer raping Mb Hydro of their profits the current government has nothing to fall back on. Too many takers and not enuf givers does not end well in the finance department. Our system is unsustainable the way it is currently being run and no one has the balls to say no to anyone or anything.

[furrowtickler]

Hmmmm
First provincial UBI recipients?
Cede all property to crown for debt forgiveness?

[biglentil]

Newfoundland is having a modern day gold rush. Albertans will be flying there for work.

[sumdumguy]

Fort McMurray was the life-blood of many Newfoundland families. One of the comments was spot-on, “Where is the Reset Report for Canada?”

[Austrian Economics]

A debt of $47 billion for a province of 500,000? Huge cuts to health care and education are on the table after the latest report on Newfoundland's finances:

https://www.cbc.ca/news/canada/newfoundland-labrador/report-greene-recovery-1.6016005?fbclid=IwAR0iBPFPDcruJR0O0pmUupRX8ip7WpN VpdxajzWri9ISPnFT-0hCxbr7iaU https://www.cbc.ca/news/canada/newfoundland-labrador/report-greene-recovery-1.6016005?fbclid=IwAR0iBPFPDcruJR0O0pmUupRX8ip7WpN VpdxajzWri9ISPnFT-0hCxbr7iaU

Lest anyone think that this will end with Newfoundland, it's likely that many provinces are now in the same sinking boat. My guess is that Manitoba is not far behind.

Newfoundland is set to become a ward of the central bank as the market for their debt dries up.