Canada Sovereign CDS

[jazz]

Here is a chart of where the world sits for credit and debt risk after the covid fiasco.

We are already being group together with a bunch of other countries that have already defaulted and restructured 10 yrs ago.

One way or another, the cost of capital in this country and taxes are going up big time.

Either Trudeau has an epiphany and raises rates and cuts spending to keep our rating, or he doesnt and we lose that status and borrowing gets more expensive anyway.

Once the cost of capital rises, then investment will shrink.

Now losing AAA isnt that big of a deal if your debt is in line with your GDP and you dont have a housing bubble or looking at spending billions more to fight fake climate change or trying to shut down your most valuable resource.

[sumdumguy]

It’s amazing CDN $ still 78.5264. Because built-in anticipation of rate hike? 5 points at minimum.

[Crestliner]

What do expect the result will be when you have a GenX drama teacher for PM and a left wing GenX journalist for finance minister. A complete cluster….our last financial crises in 2008 that was successfully navigated took years off of Flattery’s life that ended too soon. These clowns can’t hold a candle to anything approaching that level of competence. I don’t believe they would be able to find the fix on a App or on Google. So we will see huge economic destruction if these morons stay in control power much longer.

Wake up 905 and 416 and Atlantic Canada…..this phuckup is on your shoulders.