Category Archives: Economic

Moody's upgrades credit rating outlook for Canada's major banks

Moody’s Investors Service raised its credit rating outlook on Canada’s major banks on Tuesday, just over 14 months after it lowered the ratings citing high debt levels and soaring house prices. Moody’s said it boosted its outlook on Royal Bank, Toronto-Dominion Bank, National Bank, Canadian Imperial Bank of Commerce, Bank of Montreal and Bank of Nova Scotia from…

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CRTC investigating 'possible misleading' telco sales practices after first rejecting the idea

The CRTC has launched a public inquiry into “possible misleading or aggressive” sales practices used by telecom companies, a move the regulator flatly refused to make just six months ago. “It was definitely discouraging when the CRTC rejected it the first time around,” said Laura Tribe, executive director of consumer advocacy group Open Media. “It is also…

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