The Price of Money ?

On  election night. former Ontario  Liberal Finance Minister Dwight Duncan was very sombre. Even as it became obvious his party  was winning.

He was panel member on Steve Paikin's program. The Agenda .

Mr Duncan said ...No matter who formed the next governmemt, Ontario faced serious  problems.

He confirmed he was talking about the Province's credit rating.

Today's  news  is that Moody's has moved the  Province's rating down to negative.

I think that has an impact on the availability  and cost of money .

But I am not an authority.

Maybe somebody out there can throw light on the subject.