Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and...

|About: Bank of Montreal (BMO)|By:, SA News Editor

Six Canadian banks get a one-notch downgrade from Moody's as high levels of consumer debt and bubbly housing prices leave the lenders "more vulnerable than in the past." The agency also notes banks' reliance on "confidence-sensitive wholesale funding, which is obscured by limited public disclosure." Among those cut: BMO, BNS, CM, TD.