Surge in debt leads to loss of AAA credit rating in a disturbing blow to Canada’s financial reputation.s debt continues to surge, Canada has lost our AAA credit rating.
The rating has been downgraded by Fitch Ratings to AA+.
According to Fitch, Canada’s debt is projected to rise from 88.3% of GDP to 115.1% of GDP.
While many countries around the world are adding lots of debt, Canada’s growth before the crisis had already been very weak.
https://spencerfernando.com/2020/06/24/breaking-canada-loses-aaa-credit-rating/
