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[56] [57]: 15–16 In 2022, all four credit rating agencies evaluate Canada's credit with a stable outlook. [56] As of March 2022, Canada's DBRS AAA credit rating was maintained in response to expectations of the decline in the federal fiscal deficit 14.6% of GDP in FY 2020–2021 to 2.2% in FY 2022–2023. [8]
Sources: For 1999–2000 to 2022–23: "Net debt" is from the Department of Finance, Canada, Fiscal Reference Tables, October 2023, Table 27: British Columbia. [8] For 2023–24 to 2026–2027: Net debt are estimates from Table A15, Budget 2024: Budget and Fiscal Plan 2024/25 – 2026/27, British Columbia Ministry of Finance.
By June 2018, Ontario had "Canada's second-highest public debt per person and a growing budget deficit", according to The Economist. [21] The Ontario Finance Department reported in October 2018, that Ontario's public debt per person at $23,014, had surpassed that of Quebec at $21,606 in the fiscal year 2017-2018. [18]
The Canadian dollar touched a 4-1/2-year low against its U.S. counterpart on Monday before recouping its losses and Canadian bond yields rose, as investors weighed the fiscal implications of the ...
Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter. ... The 10-year was down 7.7 ...
The Canadian dollar strengthened against the greenback on Thursday, and the yield on benchmark government debt climbed. The loonie was trading 0.3% higher at C$1.4034 to the greenback, or 71.26 U ...
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
Canada's 2-year yield has fallen this week as much as 126 basis points below its U.S. counterpart, the largest gap since November 1997. "As the Canadian dollar has weakened, people chase returns.