Canadian banks: Strong, but not invulnerable

Posted: October 29, 2012 in economy
Tags: , ,

 

Ever since the start of the global financial crisis the government of Canada has boasted about the strength of the country’s banks, gleefully pointing out for five years running that the World Economic Forum has pronounced the Canadian financial system the strongest in the world. It may be strong, but it is not invulnerable. On October 26th, Moody’s, a big ratings agency, said it was reviewing six of the largest Canadian banks with an eye to downgrading their credit ratings.

via Economic Crisis http://www.economist.com/blogs/schumpeter/2012/10/canadian-banks?fsrc=rss

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