Fitch affirms Canada’s ratings at ‘AA+’ with stable outlook

Global rating giant Fitch affirmed Canada’s Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDR) at ‘AA+’ with a Stable Rating Outlook. Fitch expects firm Canadian economic growth of 3.8% in 2022, decelerating to 2.2% in 2023. “Fitch’s baseline is that BOC will lift the overnight rate another 150bps to 3% by YE2022 and sustain it … Read more