Ontario’s Debt Downgrade
On Thursday, Moody’s announced that it was dropping Ontario’s debt rating from Aa-1 to Aa-2, which affects $202 billion in debt securities. Moody’s cites Ontario’s growing debt burden and its challenges to limit spending as the primary reasons behind this downgrade. Two other credit agencies also have also made announcements about Ontario’s debt rating. DBRS […]
NorthBridge Quoted in the National Post- the Impact of the Recent SR&ED Changes on the Clean Technology Industry
Mahrie Boyle was recently quoted in the National Post. In Mahrie’s article on Renewable Energy World, she noted that changes to the SR&ED program, in the recent 2012 federal budget, may have a negative impact on the clean technology industry. Read the full article here: Canadian Clean Cash- Renewable Energy Impact in the Wake of […]
Federal Government Tables Bill to Tighten up Mortgage Lending
The federal government has tabled a bill Thursday to provide the Office of the Superintendent of Financial Institutions (OSFI) oversight of the Canada Mortgage and Housing Corporation (CMHC). The amount of lending that CMHC insures has tripled from $200 billion in 2000, to $541 billion in September of 2011. OSFI’s oversight should have a dampening […]