Fitch Ratings Warns Canada On Widening Deficit & Fiscal Consolidation Risks

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Fitch Ratings Warns Canada On Widening Deficit & Fiscal Consolidation Risks

  • Increased federal spending will help Canada’s economic recovery from pandemic but widen the fiscal deficit, said the ratings agency.
  • This will make medium-term consolidation of government debt challenging, it added.
  • Fitch downgraded Canada’s rating to ‘AA+’/Stable in June this year.
  • Canada’s continued deficit widening can lead to further ratings drop.

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