Recovering from conservative fiscal imprudence takes time but it is good to see, according to the financial marketplace, that Ontario is on the road to recovery:

Dominion Bond Rating Service upgraded the long-term debt rating of Ontario to `stable' from `negative' today due to the province's progress in "restoring fiscal soundness" faster than originally anticipated, the bond rater said today...An improved rating makes it cheaper for the province to borrow money in financial markets to finance the budget deficit. "While the province continues to face sizable fiscal shortfalls, appreciable progress has been made at reducing spending growth and re-introducing prudence in the budgeting process," Dominion said in a release.