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Bat an eyelid – Canadian banks just got downgraded!

NDP finance critic Peggy Nash is alarmed, outraged even, by a mass downgrading Monday by Moody’s Investors Service of six Canadian banks (excluding Royal Bank of Canada, which it downgraded last year). To the NDP, this is “another sign that Conservative mismanagement is threatening the long-term health of Canada’s economy,” she said in a statement. “This reckless policy has clearly hurt Canada’s banks.”