Coronavirus: Trudeau responds after Canada’s credit rating lowered by U.S. credit rating agency

On Thursday, Fitch Ratings downgraded Canada’s credit rating to AA+ from AAA, citing the federal government’s move to borrow about a quarter of a trillion dollars to prop the economy up during the pandemic lockdown. Speaking outside of Rideau Cottage in Ottawa on Thursday, Canadian Prime Minister Justin Trudeau said the move only showed that his government was willing to do whatever it takes to protect Canadians.

• Canada’s GDP shrank by 11.6% in April — worst monthly drop on record