Fitch Ratings has announced its AAA credit rating for Canada with a stable outlook, with Canada maintaining its highest credit rating. Fitch attributed that classification to the political stability currently in Canada and the power of government and institutions within the state.
It is expected that Canadian economy to grow by 2.0% this year before slow down to 1.6% by 2020. With regard to Canada's monetary policies, agency sees that Bank of Canada will follow the pace of the Fed's interest rate hike, but hiking rates is more gradual.
