Canada holds lowest net debt in G7 and maintains top credit standing, Corey Hogan notes

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28.10.2026

Canada holds lowest net debt in G7 and maintains top credit standing, Corey Hogan notes — Canada leads G7 in net debt and credit

Corey Hogan said that Canada has the lowest net debt in the G7, the strongest credit rating, and debt servicing costs that remain well below historical levels.

He added that while this does not mean caution with public funds should be ignored, it provides Canada with choices in a trade war and an uncertain world.

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Earlier this year, Corey Hogan argued that recent U.S. trade measures have led to Canada attracting record investment and strengthening its economy, according to his analysis. He also reported that the Canadian diesel premium over U.S. prices has narrowed to a historic low of 13.5% from 21.0% previously, as detailed in a separate report. These developments provide further context for Hogan’s views on Canada's fiscal flexibility.

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