A post by @FirstSquawk on X.

Fitch said Canada's 2026 budget converts a fiscal windfall into a surge in capital spending, framing the plan as a deliberate trade-off rather than deficit reduction. The ratings agency's take signals that higher investment outlays will absorb revenue upside that could otherwise have gone toward debt metrics. The budget's emphasis on capital projects matters for Canada's sovereign credit profile, since Fitch will weigh whether the spending lifts long-run growth enough to offset weaker near-term fiscal balances. Watch for Fitch's updated assessment of Canada's debt trajectory and any rating or outlook action as the spending plans move from announcement to implementation.