Government deficits and debt are certainly a concern. But the great lesson learned from the great depression is not to cut government spending during recessions and depressions. Canada's job creation and economy lead the G7 in 2017 after significant stimulus. Since the economy is doing relatively well overall, interest rate increases may be a bigger concern for very indebted Canadians and farmers.
The often predicted end of the world on Agriville has been greatly exaggerated!
Canada has a very strong and stable credit rating.
http://business.financialpost.com/investing/the-aaa-credit-rating-club-is-getting-cozy-and-canada-stands-to-benefit-from-it
The AAA rating is assigned by credit ratings agencies to countries seen as the most stable politically, economically and financially. The current list of countries given that rating by all the major agencies includes Australia, Canada, Denmark, Germany, Hong Kong, Liechtenstein, Luxembourg, Netherlands, Norway, Singapore, Sweden and Switzerland. Of the group, only Germany has an economy that is larger than Canada’s.
Not only has the AAA-rated club become more exclusive in recent years, it has also lost members with some of the largest and most liquid bond markets. S&P downgraded the U.S. in 2011 following a bitter dispute in Congress about raising the debt ceiling (the first ever downgrade for the country from AAA).
The often predicted end of the world on Agriville has been greatly exaggerated!
Canada has a very strong and stable credit rating.
http://business.financialpost.com/investing/the-aaa-credit-rating-club-is-getting-cozy-and-canada-stands-to-benefit-from-it
The AAA rating is assigned by credit ratings agencies to countries seen as the most stable politically, economically and financially. The current list of countries given that rating by all the major agencies includes Australia, Canada, Denmark, Germany, Hong Kong, Liechtenstein, Luxembourg, Netherlands, Norway, Singapore, Sweden and Switzerland. Of the group, only Germany has an economy that is larger than Canada’s.
Not only has the AAA-rated club become more exclusive in recent years, it has also lost members with some of the largest and most liquid bond markets. S&P downgraded the U.S. in 2011 following a bitter dispute in Congress about raising the debt ceiling (the first ever downgrade for the country from AAA).
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