'It's gonna be ugly:' Newfoundland and Labrador's billion-dollar elephant in the room
(ca.finance.yahoo.com)
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Youse gots no money, buyz!
They will get bailed out like Saskatchewan in 1993.
The Conservatives saved a Conservative province, the Liberals will save a Liberal province. Same same but different.
"As for Ottawa, Childs said there's likely not much appetite to provide the same type of relief given to Saskatchewan. There are a few provinces in trouble because of the COVID-19 pandemic, Childs said, noting that Ontario's debt-to-GDP ratio is only slightly lower than Newfoundland and Labrador's. "Is there going to be a lot of support for bailing out Newfoundland (and Labrador) at the federal level, when Ontario is in arguably as much trouble?" he asked."
Newfies are honestly very nice people (like most Maritimers in general), but their politics is just retarded to say the least. Amazes me how they continue to vote Liberal/NDP when so much of their economy is supported from the oil industry. There have been recent closures and it just baffles me that people will vote themselves out of work.
More people, more equalization payments they can suck off Alberta.