Canada’s Triple A Rating Has Been Reaffirmed

On November 13th, the Honourable Jim Flaherty, Minister of Finance, issued a positive affirmation of Canada’s credit rating.

“I am pleased to note that Standard & Poor’s has once again confirmed the federal government’s triple-A credit rating, highlighting in its report our stable and credible policymaking and a highly resilient economy, even in the face of a fragile global economy” the Minister stated.

The Minister bolstered the good news by revealing that Canada is on track to return to a balanced budget by 2015, with a surplus of about $3.7 billion.