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One of Montrealâs greatest strengths in managing its finances is that the province is always willing to bail it out.
That bit of irony is highlighted in the reports of all major credit rating agencies, whose opinions on Montrealâs debt risk directly influence the interest rate that lenders will charge the city on the billions of dollars it borrows for its ambitious infrastructure projects. The agencies also consider the strong Quebec economy, the cityâs willingness to cut costs when necessary and the cityâs reliance on property taxes as a stable revenue source as its other strengths.
Dependent on foreign students, Canadian universities risk revenues as COVID-19 vaccines lag theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.