[Newsbot]

Title: Is Newfoundland and Labrador headed for bankruptcy' And how much will that cost the rest of Canada'
Category: Economics
Posted By: shockedcanadian
Date: 2018-07-12 04:20:11
Canadian

[shockedcanadian]

I think Ontario will be first, especially if the U.S hits us with auto tariffs.

[BartSimpson]

Linkee no workee.

[martin14]

https://nationalpost.com/news/canada/th ... bankruptcy


hmmm, I thought the Newfs already were bankrupt, several times over.
That was why they all went to Alberta.

[Thanos]

shockedcanadian shockedcanadian:

I think Ontario will be first, especially if the U.S hits us with auto tariffs.

And you'll be cheering the Americans on all the way.

[Sunnyways]

Even more curious when one considers that NL is the only one of the Atlantic Provinces not currently receiving payments from the equalization system:

https://winnipegsun.com/opinion/columni ... -transfers

https://globalnews.ca/news/4290676/equa ... provinces/

Bankruptcy is definitely on the cards - too many geezers and not enough workers. Danny’s Muskrat adventure is at least producing electricity now but it could be the ruination of the place, and I’m sure Quebec will find a reason not to hand back the Upper Churchill when the time comes.