Bill Morneau is defending the state of the country’s finances after an international agency stripped Canada of its triple-A credit rating.He says Canada is in a stronger financial position than many other G7 and G20 countries, noting continued global investment in Canadian bonds helping to drive down the cost of borrowing.
Liberals to release economic ‘snapshot’ for Canada on July 8 In a statement, Morneau says the federal government “will continue to be fiscally responsible” while doing what’s necessary to protect the domestic economy.[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]The statement came after Fitch Ratings dropped the country to an “AA+” rating on Wednesday over what it called “the deterioration.