Fitch ain’t having any of it.
Persistent Fiscal Expansion Underscores Canada Rating Pressures
Canada’s (AA+/Stable) proposed budget, announced in Parliament on Nov. 4, underscores the erosion of the federal government’s finances, says Fitch Ratings. While Canada’s rating is broadly stable, persistent fiscal expansion and a rising debt burden have weakened its credit profile and could increase rating pressure over the medium term. This may be exacerbated by persistent economic underperformance caused by tariff risks and structural challenges, including low productivity. […]
Combined with sizable non-budgetary financing needs (mainly support of enterprise crown corporations), the higher deficits will substantially increase general government gross debt (GGGD), which we forecast to reach 91.8% of GDP in 2025 from 88.6% in 2024, before accelerating to 98.5% by 2027, nearly double the forecast ‘AA’ median of 49.6%.
so how’s that ELBOWS UP strategy working out for you? what a bunch of MORONS that voted for this guy…………do you ever learn? answer is NO
Elbows Up does not win the game. It gets you 2 minutes in the penalty box.
L – Heading toward failed state status. Then the International Monetary Fund will dictate budgetary priorities, and whoever, is playing the role of Cdn. Prime Minister, will claim their “hands are tied”. Carpetbagger Carney having done all the damage possible in a shorter timeline than Trudeau. He will have moved on, having failed upwards. Yes, he’ll be heading the International Monetary Fund!
FILTHY LIBERALS
and the Retarded Elbows Up Losers own this.
I can’t wait for these FILTHY BOOMERS to be unalive.
Its nothing new.
As a senior baby boomer I recall growing up in NW Ont. and hearing the resentment of the golden triangle.
It is the same as the resentment from the west now. For the same reasons.
It’s time to get as far away as possible from the golden triangle.
GO WEXIT
Same old, same.
It’s the elites of Upper-Lower who think they know best.
God save us from ourselves.
Baaahhh! Never mind that!
Keep looking south at the orange man!
Thankfully … the BadOrangeMan has a solution for garbage economic numbers spewed out by incompetent (or worse) government employees.
https://www.politico.com/news/2025/08/01/trump-firing-bureau-labor-statistics-chief-jobs-report-00488960
Too bad no such leaders exist in Canady-Land
What sayeth Messrs. Standard and Poor?
Do people here still really believe there are differences in the politicians such that when they are taking their oath to serve the King (not Cdns) they will just tell him to pound sand because they got “s”elected by Cdns?
Yes, Canadian politicians oath to the KING, not the subjects.
Do people here still really believe that when a population continually elects and re-elects congenital liars that oaths of political office – to anyone or anything -have any value or meaning?
You think a National Park pass is expensive now, wait until after the foreclosure, IF the proles are let in at all.
Regarding the graph of projected federal deficits … why is it that whenever this graph is shown (going back 10 years) there is a current and sudden increase in the deficit for next year, followed by a gradual decrease in the 4 subsequent years? They’ve been wrong every year.
On “low productivity” the government needs to rethink whether this should be a metric on economic health. For example, oil industry productivity is $1,000/hr, mining is $300/hr and the service sector is $25/hr. Guess what happens to productivity when you “transition” from an oil & gas economy to a service sector economy. Productivity collapses – but that’s a good thing, right?
A lot of mewling quims and nutless cowards think the real world is a coffee shop.
They have missed, every year, since 2015. The “plan” such as it is, is to claim that next year, we really really really will lower the deficit, just trust us.
Of course the AA rating is bullshit.
The rise of the gross debt ratio should be alarming to a bankster, but we have a Malignant Fraud with delusions of grandeur.
Shithole status confirmed.
It’s almost like everyone in Ottawa forgot all about what happened in the 90’s.
Growing government debt is like a magma plume forming under the earth’s crust. It doesn’t matter until it does, and then it matters very, very much.
An interesting question posed on the Internet. If AI takes over as expected, who will pay the taxes?
As somebody said
It may be easier if we just become the 51st state
Would solve this Ottawa problem if we just removed Ottawa from our day to day lives.
US federal debt — measured as a percentage of nominal annual GDP — is worse than Canada’s.
“While Canada’s rating is broadly stable…” blah blah blah.
Why are they not adjusting the rating, given that they missed the 2024 budget deficit target by over 100% with no clear idea where that money went to. The new budget is more of the same lies, and claiming that “We’ll do better next year” while also claiming that we are okay because our “net debt” is the best in the G7. Of course, you still have to pay interest on all of the debt, and the assets they are using to offset it, cannot be used to pay it off.