Fitch affirms Canada's rating at 'AAA'; outlook stable - Reuters

Eren Sengezer FXStreet

Fitch Ratings affirmed Canada's credit note at AAA and said that the outlook was stable.

Key highlights (via Reuters)

Canada's 'AAA' ratings balance structural strengths against relatively high general government indebtedness
Canada's country ceiling is affirmed at 'AAA'
Energy sector investment in Canada has bottomed out and there are signs of recovery in other types of business investment
Rating draws support from Canada's well-diversified & high-income economy, political stability, strong governance, institutional strengths

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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