- Aug 6, 2012
- 27,992
- 24,796
- 2,405
State-run financial markets in Canada taking a hit. The result of extreme interference and communist tactics. Yes, they tell the world these are privately owned businesses with shareholders. Rest assured, they have massive government operations within these banks, including in leadership and executive ranks. A clear violation of NAFTA but Canada doesn't care as long as they maintain their false free market pretext.
As Trump looks to release U.S banks from burdensome regulations and barriers, Canada continues to run shadow government activities in our banks and violate citizens freedom for economic futures.
Trump has to hit the Canadian economy hard with NAFTA and force Canada to become a legitimate capitalist system. One of the best comments I ever read came from an American on Fox comments section regarding NAFTA, "capitalist countries should not have free trade agreement with socialist countries". This is absolutely correct, it's an apples to oranges system comparison.
Moody's downgrades credit ratings of Canada's Big Six banks
Moody’s Investors Service downgraded the credit ratings of the Big Six banks late Wednesday reflecting “expectation of a more challenging operating environment for banks in Canada for the remainder of 2017 and beyond, that could lead to a deterioration in the banks’ asset quality, and increase their sensitivity to external shocks.”
This downgrade was prompted by weakening credit conditions in Canada, led by a surge in household debt, Moodys said, noting it was now at a record high of 167.3 per cent of disposable income, as of the fourth-quarter of 2016.
The ratings’ agency lowered the baseline credit assessments, long-term ratings of Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada and Royal Bank of Canada, and their affiliates, by one notch, it said.
The counterparty risk assessments were also downgraded for five of those banks, except for Toronto-Dominion.
“Expanding levels of private-sector debt could weaken asset quality in the future,” said David Beattie, a Moody’s senior vice president, in a statement. “Continued growth in Canadian consumer debt and elevated housing prices leaves consumers, and Canadian banks, more vulnerable to downside risks facing the Canadian economy than in the past.”
As Trump looks to release U.S banks from burdensome regulations and barriers, Canada continues to run shadow government activities in our banks and violate citizens freedom for economic futures.
Trump has to hit the Canadian economy hard with NAFTA and force Canada to become a legitimate capitalist system. One of the best comments I ever read came from an American on Fox comments section regarding NAFTA, "capitalist countries should not have free trade agreement with socialist countries". This is absolutely correct, it's an apples to oranges system comparison.
Moody's downgrades credit ratings of Canada's Big Six banks
Moody’s Investors Service downgraded the credit ratings of the Big Six banks late Wednesday reflecting “expectation of a more challenging operating environment for banks in Canada for the remainder of 2017 and beyond, that could lead to a deterioration in the banks’ asset quality, and increase their sensitivity to external shocks.”
This downgrade was prompted by weakening credit conditions in Canada, led by a surge in household debt, Moodys said, noting it was now at a record high of 167.3 per cent of disposable income, as of the fourth-quarter of 2016.
The ratings’ agency lowered the baseline credit assessments, long-term ratings of Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada and Royal Bank of Canada, and their affiliates, by one notch, it said.
The counterparty risk assessments were also downgraded for five of those banks, except for Toronto-Dominion.
“Expanding levels of private-sector debt could weaken asset quality in the future,” said David Beattie, a Moody’s senior vice president, in a statement. “Continued growth in Canadian consumer debt and elevated housing prices leaves consumers, and Canadian banks, more vulnerable to downside risks facing the Canadian economy than in the past.”