MACROSCOPE No. 38: Little reaction to Canada’s credit rating downgrade by Fitch

On June 24, Fitch Ratings cut Canada’s AAA credit rating1 by one notch to AA+, saying the downgrade reflected “the deterioration of Canada’s public finances in 2020 resulting from the coronavirus pandemic.” Is this the harbinger of more rating cuts, and what impact will this downgrade have on your finances? Click here to read rest of Macroscope.