Coronavirus Costs Canada a Triple-A Rating

Coronavirus Costs Canada a Triple-A Rating

June 25, 2020

Karl Schamotta, chief market strategist at Cambridge Global Payments, said demand for safe assets, such as those from Canada, remains “incredibly high — meaning that ratings changes are unlikely to push yields any higher.” The yield on the 10-year government of Canada bond is just above 0.5%, or down nearly a percentage point from trading late last year.

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