CANADA'S CREDIT RATING REMAINS AT TRIPLE-A

Aug 21, 2014

By Scott Walker

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Canada’s economy has been given a big thumbs-up from an international ratings service.

Fitch Ratings says the outlook for our economy is stable and worth maintaining its triple-A credit rating.

New York-based Fitch says it based its findings on Canada’s political stability and track record of prudent fiscal management.

It also says Canada’s government debt remains “well above the Triple-A median.”

Finance Minister Joe Oliver says the endorsement is proof that Canada is “an island of stability in an uncertain global economy.”

 

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