Canada's long-term financial and economic profile is expected to remain consistent with its current AAA rating, Standard & Poor's said on Friday, just two days after Ottawa forecast its largest budget deficit since World War Two.
FILE PHOTO: The 2019 Chrysler Pacifica minivans move down the assembly line the FCA Windsor Assembly plant in Windsor, Ontario, Canada October 5, 2018. REUTERS/Rebecca Cook
Canada’s budget deficit is forecast to hit C$343.2 billion amid record emergency aid spending in response to the coronavirus pandemic, Canada’s finance department said on Wednesday.
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