Economy 52,928 Posted June 25, 2020 Share Posted June 25, 2020 https://www.bnnbloomberg.ca/canada-s-downgrade-signals-limits-to-fiscal-policy-wiseman-says-1.1456477 Fitch Has Downgraded Canada 1 rank from the top Triple AAA down to AA+ as a result of very high deficits from Covid-19 benefit spending and lower tax revenue Deficit this year is forecast to hit 13.5% of GDP up from 1% last year, the highest since World War II Very few Countries in the world have a Triple AAA. The only larger Countries that still have one is Germany and Australia Link to post Share on other sites More sharing options...
Webb7 438 Posted June 25, 2020 Share Posted June 25, 2020 Not surprised tho... many countries will do worse than Canada 🇨🇦 Link to post Share on other sites More sharing options...
Economy 52,928 Posted June 25, 2020 Author Share Posted June 25, 2020 57 minutes ago, Webb7 said: Not surprised tho... many countries will do worse than Canada 🇨🇦 I saw it coming even before Covid tho. Trudeau kept increasing the deficit even as unemployment was at a 40 year low and business cycle deep into growth times when ur supposed to improve finances not deteriorate them He kept changing his financial plans and every change every year was to increase the deficits Link to post Share on other sites More sharing options...
Webb7 438 Posted June 25, 2020 Share Posted June 25, 2020 That’s true but I still prefer him than Andrew Scheer any day Link to post Share on other sites More sharing options...
Economy 52,928 Posted June 25, 2020 Author Share Posted June 25, 2020 8 minutes ago, Webb7 said: That’s true but I still prefer him than Andrew Scheer any day Their plans and platform was very simmilar tho. I found the last election a little laughable because most of their proposals were basically the same thing just the technicalities of how they were gonna do it were different In any case the party is supposed to replace the leader Link to post Share on other sites More sharing options...
Webb7 438 Posted June 25, 2020 Share Posted June 25, 2020 3 minutes ago, Economy said: Their plans and platform was very simmilar tho. I found the last election a little laughable because most of their proposals were basically the same thing just the technicalities of how they were gonna do it were different In any case the party is supposed to replace the leader Thank god for that Link to post Share on other sites More sharing options...
Economy 52,928 Posted June 25, 2020 Author Share Posted June 25, 2020 4 minutes ago, Webb7 said: Thank god for that What if u get someone who's crazy or worse? I don't even know much about Sheer tbh I only know the conservative parties plans during last election and that they really weren't that different from the Liberals and Trudeau at its core But since then I haven't followed. Covid has put all attention on Rilling party and it looks bad for opposition's to criticize so there's like no news on the Conservatives or the Left Wing NDP practically Link to post Share on other sites More sharing options...
Maleficent 6 Posted June 25, 2020 Share Posted June 25, 2020 Paul McKay sent me an email about this this morning lol. I agree with you, this still would've happened (at a slower rate) even without Covid. Spoiler also delusional ur new name hehehehehe imu @Floppy Link to post Share on other sites More sharing options...
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