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.
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of iA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
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