Fitch gives Canada AAA rating, low risk of debt crisis

Credit ratings agency Fitch says that Canada has an “advanced, well diversified and high-income economy” and has affirmed its AAA rating.

The agency says that monetary policy flexibility has been proven by the recent cuts in interest rates and suggests that continued growth for the economy could require a further cut.

Despite high levels of household debt and “pockets of real estate overvaluation” that pose a risk to the economy, Fitch concludes that “without a broad-based shock to employment or a sharp rise in interest rates, the risks are manageable.”

The report also says that Canada Mortgage and Housing Corporation has its own capital buffers and would only be at risk from a “severe economic shock.”

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Seafoam, Little Fort, Lower Newcastle, Prince George, Anzac

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address


Is a T.O foreign sales tax a good idea?