Tag: Debt

‘Uncertain times’: Ontario budget deficit projected to jump to $38.5B – BNN Bloomberg

‘Uncertain times’: Ontario budget deficit projected to jump to $38.5B – BNN Bloomberg
— Read on www.bnnbloomberg.ca/uncertain-times-ontario-budget-deficit-projected-to-jump-to-38-5b-1.1479045

Canada Becomes First to Lose AAA Status at Fitch on Virus Woes – Bloomberg

Fitch Ratings stripped Canada of its AAA status amid a spike in emergency spending for Covid-19, making it the first top-rated country to be downgraded by the ratings agency during the pandemic.
— Read on www.bloomberg.com/news/articles/2020-06-24/fitch-strips-canada-of-aaa-rating-on-worsening-finances

Canada Downgrade Signals Limits to Fiscal Policy, Wiseman Says – Bloomberg

Canada’s downgrade by Fitch Ratings is a reminder that there are limits to what the country can do in fiscal policy, according to Mark Wiseman, the former global head of active equities at BlackRock Inc.
— Read on www.bloomberg.com/news/articles/2020-06-25/canada-downgrade-signals-limits-to-fiscal-policy-wiseman-says

Emergency Virus Spending Will Push Global Debt Ratio Above 100%

(Bloomberg) — Emergency spending by governments to tackle both the health calamity and economic fallout from the coronavirus is set to push the global debt ratio above 100% for the first time.The jump in the burden this year alone is forecast by the International Monetary Fund to be close to 19 percentage
— Read on ca.finance.yahoo.com/news/emergency-virus-spending-push-global-130000786.html