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"We're all a little vulnerable right now, here in Canada."
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The experts promised us a “barnburner” of a first quarter for Canada’s economy, and the economy delivered. Canada’s GDP grew at a 3.7-per-cent pace in the first three months of 2017, more than triplin...
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A collapse could damage Canada's mortgage market.
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"Continued growth in Canadian consumer debt and elevated housing prices leaves consumers, and Canadian banks, more vulnerable to downside risks."
But it wouldn't exactly be a repeat of the U.S.'s housing bubble.
Moody's said Scotiabank's moves "signal a fundamental shift away from the bank's traditionally low risk appetite."
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"Postmedia's results following its April 2015 acquisition of the Sun Media assets have been worse than we expected."
"They have affirmed our triple-A credit rating, so that is great."
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TORONTO — Moody's Investors Service says the impact of low oil prices on the consumer loan books of Canadian banks is likely to start showing when the lenders report their fourth quarter earnings next...
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OTTAWA - Canada is maintaining its triple-A credit rating thanks to a steady economic outlook, but the country also faces potential risks amid mounting household debt and climbing house prices, Moody'...
The results do not bode well for Ontario. Provincial debt amounts to 237.7 per cent of revenue -- the highest ratio amongst the provinces. In other words, the total debt accumulated by the Ontario government represents almost two and a half years of revenues. Ontario's ratio is much higher than Quebec, the second most indebted province (189.5 per cent) on this metric.
In the great wireless war, there are those who believe allowing Verizon into Canada would threaten Canadian jobs and introduce a misbehaving corporate citizen to the country. And then there are those...
TORONTO - Five big Canadian banks and a credit union were downgraded Monday by Moody's rating agency, which believes they will be more vulnerable than in the past if there's a major shock to the econo...
TORONTO - Canada gets to keep its triple-A rating from Moody's Investors Service.The New York-based agency said Thursday Canada's economic performance and the financial position of its federal governm...
TORONTO - Ontario's minority Liberal government is downplaying a decision by Moody's Investors Service to downgrade the province's debt rating, citing the cash-strapped province's growing debt burden...
It may not always feel like it in the real economy (more evidence came out Friday showing Canada's employment picture is far from rosy) but on a fiscal level, the world can't seem to get enough of Can...
LISBON, Portugal - Ratings agency Moody's has downgraded nine Portuguese banks, citing their exposure to government debt and a weak economic growth outlook.Moody's downgraded Portugal to Ba2, with out...
ATHENS, Greece - Moody's downgraded eight Greek banks Friday, citing their exposure to their government's bonds and the deteriorating economic situation in the country as it struggles to convince cred...
ATHENS, Greece - Moody's downgraded Greece's bond ratings by a further three notches Monday and warned that it is almost inevitable the country will be considered to be in default following last week's new bailout package.The agency said the new EU package of measures implies "substantial" losses for private creditors. As a result, it cut its rating on Greece by three notches to Ca -- one above what it considers a default rating.
Royal Bank of Canada and Toronto- Dominion Bank, the two largest Canadian lenders, have traits that may make them "systemically important" because of their large capital markets businesses, according...