Adding to the growing chorus of analysts predicting a bursting of the Canadian housing bubble, ratings agency Moody’s Investor Service placed almost all of Canada’s major banks on review for a downgrade Friday, citing the country’s growing household debt levels.
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In international news coverage unrelated to the Prime Minister’s bathroom habits, the Wall Street Journal’s John Jannarone doesn’t think much of our economist’s suggestion that buying opportunities abound for our banks. Full dismissal after the jump.
Banks could be on the hook for honouring forged cheques