Meanwhile, Moody's renews Canada's AAA credit rating

[JBoy]

Main reason: Government regulation.


http://www.theglobeandmail.com/report-on-business/economy/moodys-renews-canadas-triple-a-credit-rating/article2112783/

Moody’s Investors Service Inc. has renewed Canada’s triple-A credit rating, citing the factors that helped the country emerge from the global financial crisis relatively unscathed, such as its "economic resiliency, very high government financial strength, and a low susceptibility to event risk.’’

"As a large and diversified economy with a stable political system and strong regulatory framework, Canada has a low susceptibility to event risk,” the agency’s report says.

"Natural resource industries, a competitive manufacturing sector, and a well-developed and well-regulated financial market also support the country’s resiliency,” as does Canadians’ high per-capita income, Moody’s said.

[Vincardog]

1. strong regulatory framework,

[fredamae]

2. May I ask Who is "Moody's" and Why are they involved in

National Monetary matters? How and why was this system put into place? Who pays Moody's, S&P etc?
This country has never not borrowed, what did we do Before "Moody's"?
I don't like it, personally. I think we'd be better off.

[Broderick]

3. Canada is a beacon

in my opinion.

[Dappleganger]

4. Canada is bacon.

FTFY

;)

[Broderick]

5. mmmmm

bacon

[Dappleganger]

6. The food of the gods.

[kenny blankenship]

7. Canadian bacon only exists in the United States.

In Canada, Canadian bacon is called sliced ham.

[JBoy]

8. LOL. Demonstrating a corollary of the law of threads about Canada

Usually takes 12 posts for someone to mention poutine.