S&P cuts the outlook of seven Canadian financials to negative, based largely on a "prolonged...

S&P cuts the outlook of seven Canadian financials to negative, based largely on a "prolonged run-up in housing prices and consumer indebtedness" in the country. The ratings service did affirm the ratings of the institutions: Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Toronto-Dominion (TD), Central 1 Credit Union, National Bank of Canada (NTIOF.PK), Laurentian Bank of Canada and Home Capital Group.

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Comments (6)
  • into dark shadows
    , contributor
    Comments (460) | Send Message
    And what about this quasi - communist in charge who touts the fact that we have never been successful on our own!
    How are we still holding whatever the rating truly is here at home with this moronic fed / executive level constant tampering with the once free market system?


    We have an ether based rally into the stratosphere on the mis guided idea that Bubble blowin Ben will whip out the QE stun gun next week?
    Obama is spending like a whole platoon of drunken sailors and we are dismissing the fiscal nightmare staring us in the face?


    Man, somebody, somewhere has one HUGE set of stones to buy this putrid smelling, rot infested thing we used to call "The Market", we are no longer in Kansas anymore Toto!


    God save the republic
    27 Jul 2012, 05:55 PM Reply Like
  • bob adamson
    , contributor
    Comments (4560) | Send Message
    D S


    Please explain what your critique of Obama and Bernanke has to do with Canadian financials.
    27 Jul 2012, 06:07 PM Reply Like
  • charschl
    , contributor
    Comments (15) | Send Message
    I guess then Bush, Jr. was your answer. A good dictionary, for you to look up words like communist would seem helpful if you are going to countinue to rant.
    9 Aug 2012, 03:25 PM Reply Like
  • into dark shadows
    , contributor
    Comments (460) | Send Message
    Basically saying that for S&P to be out there cutting the outlook on Canadian banks when the U.S. is going to extremes with regard to both the horrific policies coming out of "The Wizard of Oz" and the most corrupt administration both morally and with regard to upholding the constitution of the Republic.


    With all facing the home land, S&P and their concern would be more aptly aimed right here at home!
    Our northern brothers are rock stars compared to this gang of miscreants!


    Hope this makes my ire more focused where it should be.
    There will be NO QE next week, the American working man / woman couldn't deal with any more U.S. dollar debauchery!
    27 Jul 2012, 07:51 PM Reply Like
  • rabdoes
    , contributor
    Comments (30) | Send Message
    In a related story, The Opening Ceremonies for 2012 were unanimously voted the worst and most boring of modern times...maybe in history.
    28 Jul 2012, 10:58 AM Reply Like
  • Nessuno
    , contributor
    Comments (180) | Send Message
    The notion that Obama is spending like a platoon of drunken sailors is a myth. Under his administration, Federal spending, as a percentage of GDP, is the lowest since Eisenhour was president. The current administration is recovering from the spending during the Bush W era. Go to http://1.usa.gov/PVALdF and find out for yourself.
    28 Jul 2012, 11:49 AM Reply Like
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