The outlook for North America’s sovereign rating in 2020 is stable despite financial pressures, and the agency does not expect further rate cuts unless trade tensions escalate and the global economy continues to slow, Fitch said on Tuesday.
Regarding the situation in Canada, they expect fiscal policy to become more flexible under the new government, but they expect public debt to stabilize in the absence of economic shocks. The Bank of Canada is unlikely to cut interest rates, they added.