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.



We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK