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Canada Mar 06
Standard & Poors, March 2006
Abstract
A declining government debt burden. Canada's general government debt is projected to decline below 65% of GDP in 2006, from more than 100% in 1996. Net general government debt is projected to fall below 30% of GDP in 2006, less than half its level in 1998. A diversified, export-oriented, highly developed economy. Good fiscal performance in recent years has helped reduce external indebtedness, with net general government external debt projected at 21% of current account earnings in fiscal 2006, compared with 51% in 1998. Prudent monetary policy, evidenced by more than a decade of annual inflation of 3% or lower. A stable political and judicial system, including competent civil servants and well-established property rights. A high dependency on the U.S....
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,MILIT-AIR Inc.
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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