TORONTO — Most of Canada’s biggest banks have been downgraded by Moody’s Investor Services, one of the world’s major credit rating agencies.
Moody’s says it took the step because of concerns over the banks’ exposure to heavily indebted consumers and elevated housing prices.
Read more: http://tinyurl.com/be86hro
Stephen Harper will approve the two foreign state-owned enterprises’ bids to buy Canadian energy companies after revising the rules, according to Moody’s Investors Services.
“Prime Minister Stephen Harper’s pro-business and pro-energy stance makes both the CNOOC and Petronas deals likely to pass under revised foreign ownership guidelines,” the rating’s agency said in a report.
Read more: http://tinyurl.com/cyr8wq3