> Don't they also own a huge amount of the provinces debt, basically turning the provincial finances into a house of cards Didn't the feds just demonstrate the

> Don't they also own a huge amount of the provinces debt, basically turning the provincial finances into a house of cards Didn't the feds just demonstrate they would just bailout a province going bankrupt? I think it was Newfoundland who managed to get to the brink of bankruptcy with a failed hydro project. The results? Everyone up north ended up paying for it. Makes any junk bond with a province name's on it de-facto insured.