Francis Drouin at the Government Operations and Estimates Committee

On December 2nd, 2020. See this statement in context.

December 2nd, 2020 / 6 p.m.

Liberal

Francis Drouin Liberal Glengarry—Prescott—Russell, ON

Of course, credit rating agencies can influence interest rates if they indicate to the market that Canada may not have the capacity to repay its interest obligations.

We know that Moody's has once again given Canada a good credit rating. But what would be the incentive for a credit rating agency to once again give the government a good credit rating if, according to media reports, Canada's debt rates are at an all-time high? The numbers are high, but you have to compare apples with apples. A dollar was worth a lot more in 1940 than it is today.

Can you explain that?

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