Posthaste: This fiscal edge has helped Canada become the 'cleanest dirty shirt' in the G7 [Yahoo! Finance Canada]
GE Aerospace (GE)
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Source: Yahoo! Finance Canada
“Across the Group of Seven, Canada's probably in the strongest position fiscally,” Nigel Chalk, director of the Western Hemisphere Department, said last week in an What does Canada have going for it? For one, the nation continues to maintain one of the highest credit ratings among its advanced economy peers, said Desjardins Group economists Randall Bartlett and LJ Valencia. Ballooning debt since the pandemic has made investors increasingly nervous about government bonds, but among advanced nations Canada is seen as one of the “cleanest fiscal dirty shirts,” they said. The IMF recently predicted that Canada's general government would likely fall near the bottom of the G7. But the area where Canada really shines is government net debt which subtracts financial assets from gross debt. That equation makes our debt the lowest in the group of nations. What gives our country an edge is a well-managed social security system — the — which is a big contributor to a “globally impressi
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