ABAI. Solicitan la anulación de la sesión ordinaria de la Junta Municipal de este distrito donde fue electo como intendente municipal el concejal Miguel Melgarejo en reemplazo de Cristian Acosta (HC), jefe comunal que buscará la reelección el próximo 10 de octubre. Los ediles que recurren a la Justicia Electoral alegan que el voto doble del presidente de la corporación legislativa fue ilegal.
Billions in federal aid for the Muskrat Falls project in Newfoundland and Labrador
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Ottawa to invest billions in Newfoundland s troubled Muskrat Falls power project
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Canada’s third-largest province will run a deficit this fiscal year that’s “significantly larger” than expected when the pandemic began, which will likely lengthen the time to return to fiscal balance, S&P said in a statement Wednesday explaining the one-notch downgrade to AA+. The move comes less than two weeks after Fitch Ratings took a parallel rating action.
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Finance Minister Selina Robinson presented a budget in April that projected a budget deficit of $9.7 billion (US$7.8 billion) in the current fiscal year, which ends March 31, 2022, and smaller deficits for the two years after that.
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(Bloomberg) To finance its $16 billion acquisition of a smaller rival, Rogers Communications Inc. plans to boost its debt load to a level so high that weaker companies would be at risk of being cut to junk. It’s a high-stakes wager that the Canadian telecom company will be able to cut costs and pay down its borrowings quickly after its takeover of Shaw Communications Inc.
The company is counting on demand for credit to remain strong after Verizon Communications Inc. sold $25 billion of bonds to help finance purchases of 5G airwaves last week. The debt sale, which tied for the sixth largest U.S. high-grade securities offering ever, garnered $109 billion in demand at the peak.