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S&P confirms Canada’s AAA rating

/ 06:37 AM December 11, 2012

WASHINGTON—Standard & Poor’s confirmed Canada’s top-flight triple-A debt rating Monday, citing its economic strength that can weather the problems of the US economy to which it is closely tied.

“In our view, Canada’s chief credit strengths include the effectiveness, stability, and predictability of its policymaking and political institutions, the resilience of its economy, and the strength of its monetary and fiscal flexibility,” S&P said.

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TAGS: Business, Canada, Debt, economy, Standard & Poor's
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