Fitch Ratings, which in June stripped Canada of its triple-A credit rating, has warned that Canada could face renewed pressure on its rating if Ottawa sticks to spending plans outlined last week in a fiscal update without raising revenue.
“Canada’s recently released medium-term financial roadmap reinforces the likelihood of a rising public debt burden and expansionary fiscal policy without precise details of a return to a fiscal anchor and consolidation,” Fitch Ratings said in an article posted on its website on Monday.
