Bond markets mostly unfazed by Alberta’s fiscal woes
— The Globe and Mail
Alberta’s got fiscal problems? Bond investors don’t seem to mind much.
Despite all the rhetoric about the government’s finances in such a rough environment for Canadian crude, Alberta’s 10-year bonds still trade at the tightest spread to the federal benchmark, and they haven’t seen a drastic selloff since Premier Alison Redford sounded the alarm on her provincial coffers.