SoVote

Decentralized Democracy

House Hansard - 308

44th Parl. 1st Sess.
May 3, 2024 10:00AM
Context: House Hansard - 308 - May/3/24
Hon. Steven MacKinnon (Leader of the Government in the House of Commons, Lib.)
  • May/3/24 11:46:48 a.m.
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Mr. Speaker, once again, that question has been asked many times and answered. I wonder about the hon. members' hearing over there. We get mail. One example reads, “Canada's significant credit strengths will continue to preserve its AAA-rated sovereign credit profile, underpinned by its high economic strength and very strong institutions and governance. Together, these factors provide Canada with a strong foundation for future growth and a very high degree of economic resiliency to potential shocks”. I am thankful for Moody's credit rating.
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Context: House Hansard - 308 - May/3/24
Hon. Steven MacKinnon (Leader of the Government in the House of Commons, Lib.)
  • May/3/24 11:48:05 a.m.
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Mr. Speaker, that question has been asked and answered, but the letter goes on: “In addition, Canada's credit profile has very limited susceptibility to event risks, supported by stable political institutions, a strong and well-regulated banking system, and reserve currency status which underscores the government's deep and unfettered market access. At the same time, despite an initial sharp deterioration in the government's fiscal position from the pandemic, Canada's debt ratios have since materially improved and the government is pursuing a gradual path of...fiscal consolidation.” I am thankful for Moody's credit rating.
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