Research Update: Canada Ratings Affirmed At 'AAA/A-1+'; Outlook Remains Stable

The Canadian government is using its significant fiscal and monetary headroom to bolster the social safety net and to minimize income loss during the downturn caused by the COVID-19 pandemic. We expect that the government will prudently taper its support measures as the economy recovers next year, thereby maintaining its strong financial profile despite a higher burden of net general government debt. We are affirming our 'AAA' long-term and 'A-1+' short-term sovereign credit ratings on Canada. The outlook is stable. On July 22, 2020, S&P Global Ratings affirmed its ratings, including its 'AAA' long-term and 'A-1+' short-term sovereign credit ratings, on Canada. The outlook is stable. At the same time, S&P Global Ratings affirmed its 'AAA' transfer and convertibility assessment

...- The Canadian government is using its significant fiscal and monetary headroom to bolster the social safety net and to minimize income loss during the downturn caused by the COVID-19 pandemic. - We expect that the government will prudently taper its support measures as the economy recovers next year, thereby maintaining its strong financial profile despite a higher burden of net general government debt. - We are affirming our '###' long-term and 'A-1+' short-term sovereign credit ratings on Canada. - The outlook is stable....

Research Update