Monday, December 14, 2020

It's Coming: The Day Canada's Debt Rating Will be Downgraded or Worse - There Are No Buyers of Our Debt

"...“Canada’s recently released medium-term financial roadmap reinforces the likelihood of a rising public debt burden and expansionary fiscal policy without precise details of a return to a fiscal anchor and consolidation,” Fitch Ratings said in an article posted on its website on Monday.

“Canada’s public financial profile would weaken relative to its ‘AA’ category peers if the federal budgets for fiscal years 2021-22 and 2022-23 adhere to the government’s medium-term operational forecasts and stimulus plans as outlined in the Fall Economic Statement (FES) without new revenue-raising measures,” Fitch added..."

 https://financialpost.com/news/economy/canadas-fiscal-plans-could-renew-credit-rating-pressure-fitch-warns

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