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Credit Impact From Budget Is Small - Fitch

CANADA
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  • Fitch Ratings write that the "small increase to Canada’s deficit resulting from the latest Federal budget will have a minimal impact on the country’s credit profile."
  • The general government deficit is still expected to decline and the debt burden is still forecast to fall by around 2ppts through fiscal years 2026 and 2027, Fitch Ratings says.
  • "Canada’s general government debt burden is one of the highest among ‘AA’-rated sovereigns. Out of 18 ‘AA’-rated sovereigns, only three – the United States (AA+/Stable), France (AA-/Stable) and Belgium (AA-/Negative) – have higher debt-to-GDP ratios."
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  • Fitch Ratings write that the "small increase to Canada’s deficit resulting from the latest Federal budget will have a minimal impact on the country’s credit profile."
  • The general government deficit is still expected to decline and the debt burden is still forecast to fall by around 2ppts through fiscal years 2026 and 2027, Fitch Ratings says.
  • "Canada’s general government debt burden is one of the highest among ‘AA’-rated sovereigns. Out of 18 ‘AA’-rated sovereigns, only three – the United States (AA+/Stable), France (AA-/Stable) and Belgium (AA-/Negative) – have higher debt-to-GDP ratios."
  • More.