Here is what’s in Susan Holt’s second Liberal budget

Susan Holt's second Liberal budget avoids major spending cuts next year and as a result projects a higher provincial deficit. The plan prioritizes protecting services over immediate fiscal consolidation, increasing borrowing requirements and putting pressure on the province's fiscal trajectory and credit metrics. Investors should watch for follow-up revenue measures or future cuts that could affect provincial bond supply and yields.

Analysis

Susan Holt's second Liberal budget avoids major spending cuts next year and as a result projects a higher provincial deficit. The plan prioritizes protecting services over immediate fiscal consolidation, increasing borrowing requirements and putting pressure on the province's fiscal trajectory and credit metrics. Investors should watch for follow-up revenue measures or future cuts that could affect provincial bond supply and yields.