Moody’s, BlackRock Seek Road Map From Trudeau for Canada’s Debt
- Credit rater wants government to show outlook, fiscal targets
- Ratings still relevant despite BoC support, BlackRock says
This article is for subscribers only.
As Justin Trudeau prepares to reveal his new policy agenda, credit rating companies and investors including BlackRock Inc. are looking for his plan for pulling Canada out of a record borrowing binge.
Pressure is growing on the prime minister and new Finance Minister Chrystia Freeland to explain how they will shrink deficits in the years ahead. The government opens a new session of parliament Wednesday with a key speech outlining its main priorities.