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Why Moody’s, Fitch are worried about Canada’s housing market

Posted on 30 January 2013

Moody’s, Fitch warn on debt: Two major rating agencies are sounding alarm bells over the level of consumer debt in Canada, and the outlook for the housing market. As The Globe and Mail’s Grant Robertson reports, Moody’s Investors Service downgraded the ratings of several of Canada’s banks, citing the potential for trouble.
Among those downgraded were Toronto-Dominion Bank, which lost its triple-A ranking, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada and Caisse Centrale Desjardins………………………………………..Full Article: Source


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