Dan Knight: B.C. Credit Downgrade

S&P cut B.C.’s rating from ‘AA-’ to ‘A+’. Moody’s dropped it from ‘aa1’ to ‘aa2’. That’s the fourth downgrade in four years. Four. This is a province that used to hold AAA status—the financial gold standard. That means British Columbia was once considered one of the most fiscally stable jurisdictions not just in Canada, but globally. Not anymore.

Even more alarming? S&P didn’t just hit their long-term rating—they downgraded the short-term rating too, from ‘A-1+’ to ‘A-1’. Why? Because even in the short term, B.C. is starting to look like a risk. A liquidity risk. That means the money might not be there when it’s needed. That’s a red flag for anyone with a calculator and a memory longer than five minutes.

This is not some vague bureaucratic move. This is a direct indictment of the NDP’s economic policies in British Columbia. This is what happens when you treat taxpayers like an ATM machine and the economy like a social experiment. And now, international financial institutions are officially saying what a lot of people have been screaming for years: B.C. is in serious fiscal trouble.

Leaving the left coast: Seattle taxes itself into a $47M revenue shortfall and now the state is considering doing the same.

Having the government buy a bunch of cars will fix everything, I’m sure.

Carney, speaking to a televised press conference in Windsor, Ontario, also said his government would work with industry to build more car parts in Canada and limit the number of parts that cross the border with the United States during production.

When it came to buying official vehicles for official business, a Liberal government would focus on buying autos that were made in Canada, he added.

Blacklock’s- $42M Relief For Pot Dealers

“The cannabis industry is facing economic difficulties which threaten a key objective of the Cannabis Act which is to provide for the legal production of cannabis to displace the illegal cannabis market.

The Competition Bureau in 2023 estimated two-thirds of licensed marijuana dealers were tax delinquents. “The total amount of unpaid cannabis excise duties has continuously been rising since legalization,” said a report Planting The Seeds For Competition.

Blacklock’s- SOS For Tax-Funded EV Plant

“There is an existential crisis,” said Champagne. “I hope the project continues. I can assure you we are working hard on finding new partnerships.”