In the end, though these ratings can Keep The Fire Burning Lev 612 Shirt be taken with a grain of salt. These are the agencies that rated the bonds that crashed during. The subprime mortgage crisis with ratings higher than they should be. It means they are slightly less likely to be able to cover the costs of borrowing. Money through higher revenues due to the corona-induced recession decreasing revenues. While dramatically increasing expenditures. It is similar to when your credit score decreases because you’ve maxed your credit cards. Governments borrow money to be able to buy stuff. There is always a chance they can’t pay the investors back.
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This probability forms their credit rating. Canada’s is still pretty high since they are tied so much to the US. The idea of the US defaulting on debt is normally Keep The Fire Burning Lev 612 Shirt referred to as “the apocalypse”. All it took was a trade war, a global pandemic, and massive protests outlining systemic inequality. Canada is part of that trade war too. Though, simply because the USA dragged Canada in (putting up fraud charges against Huawei’s CFO and then getting her to be arrested in Canada, which has an extradition agreement with the USA). China blames Canada for the apprehension (on behalf of the USA) and responded by cutting off canola imports from Canada, costing at least $1 billion lost exports for Canada. That is HUGE for a country like Canada.
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