Discussion · Government Orders

Carlos Leitão Liberal

“Canada is nowhere near its borrowing limit. We have a top credit rating, lower interest rates than the United States, and financial markets trust us. We will keep working to diversify our economy.”
Official Hansard

Mr. Speaker, it is clear that our borrowing capacity is not unlimited. Of course there are limits. However, in Canada, we are still a long way from that limit. Canada continues to have very easy access to financial markets. We have a AAA credit rating. The interest rate on 10-year government bonds is much lower than in the United States. The financial markets have confidence in Canada, and we will remain committed to diversifying the economy.

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