On Point With Alex Pierson

Alex is joined by Lyle Stein, Managing Director, Senior Portfolio Manager, to take a closer look at why bond rating agency Moody’s has downgraded the province of Ontario’s credit rating. The agency announced the downgrade from Aa3 to Aa2, citing the province’s $14.5-billion deficit in 2018-2019 and projections that it will continue to post deficits in the coming years.