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0.00102176434887498 -0.00179512984601823 -0.00102688597468368 -0.00307553629824253 -0.00973364984980829 -0.00640459307402532 -0.0284275840522814 -0.0550600382585448
Stock impact report

Canada's government borrowing is set to soar: here's how much [Reuters]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Reuters
Canada's government borrowing is set to soar: here's how much TORONTO, March 20 (Reuters) - Canada is set to ramp up borrowing as Ottawa’s C$27 billion ($19 billion) stimulus package, announced this week to stave off a potential recession due to the coronavirus outbreak, blows out the fiscal deficit, market strategists said. Together with maturing bonds and refinancing of T-bills, emergency measures could lift Canadian dollar borrowing to about C$375 billion for the upcoming fiscal year, up nearly 40% from an estimated C$270 billion for 2019-20, according to Reuters calculations. Canada’s fiscal year ends March 31. But Canada’s triple A-rated debt and the current climate of risk aversion means the government could find enough buyers for increased borrowing. The government’s planned purchase of up to C$50 billion of insured mortgage pools through the Canada Mortgage and Housing Corporation will likely be financed by government debt, say strategists and economists, while an expected spi Show less Read more
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