A knock against Canada

Article Abstract:

Moody's Investors Service announced in Apr 1995, that it was downgrading Canada's credit rating from triple-A to double-A. The downgrading was prompted over concerns about inflation and Canada's budget deficit. The move caused the Canadian dollar to drop temporarily, but then it rebounded.

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A Moody market: a credit agency sounds a warning note

Article Abstract:

Moody's Investors Service announced in Feb 1995, that it was considering downgrading Canada's triple-A bond rating, due to Canada's continuing problems with budget deficits and foreign debt. Finance Minister Paul Martin reaffirmed his committment to cutting the deficit.

External debts, Budget deficits

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Masters of the universe

Article Abstract:

Traders in the world's highly volatile currency and credit markets exert considerable influence over global economic affairs. The activities of several Canadian currency traders are described, including CIBC Wood Gundy's Karl Berger.

Cover Story, Influence, Credit market, Credit markets, Foreign exchange market, Floor traders (Finance)

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