Quebec positive despite deficit

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CANADA - Quebec has had its financial outlook rating for long-term foreign and currency debt upgraded to 'positive' from 'stable' by Fitch Ratings, despite rising debt levels and high pension liabilities.

Quebec's combined pension liabilities and direct debts stand at CAN$122.6bn (US$121.8bn), representing 43.3% of the province's GDP. This is the highest level of debt among all the Canadian prov...

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