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Canada Mar 04
Standard & Poors, March 2004
Abstract
Canada's financial profile continues to strengthen. Impressive debt reduction and successful inflation targeting give Canada fiscal and monetary flexibility to cope with downturns in the business cycle. A strong public sector balance sheet, and policy stability based upon wide political consensus, augur well for Canada's long-term growth prospects. Budget surpluses and continued economic growth have reduced the federal government's debt burden, placing Canada in a better position to meet the fiscal challenges of an aging population than many other Organization for Economic Co-operation and Development (OECD) countries. Gross federal government debt (including all market debt, accrued pension, and other liabilities) is projected to decline to 54% of GDP at fiscal year-end 2005 (ending March 31, 2005) from 77% a decade...
Companies mentioned in this report are: Canada,Export Development Canada ,Farm Credit Canada,Business Development Bank of Canada,Canada Mortgage and Housing Corp.,Canadian Wheat Board,Bank of Canada
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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