sa国际传媒

Skip to content
Join our Newsletter

Don鈥檛 trust our country鈥檚 credit rating

Re: 鈥淒eficit worries misplaced: Trudeau,鈥 Dec. 18. Our prime minister says that Canadians should be comforted by the excellent credit rating given our country by Moody鈥檚 Investment Services and Standard and Poor鈥檚.

Re: 鈥淒eficit worries misplaced: Trudeau,鈥 Dec. 18.

Our prime minister says that Canadians should be comforted by the excellent credit rating given our country by Moody鈥檚 Investment Services and Standard and Poor鈥檚. Aren鈥檛 these the same credit-rating services that OK鈥檇 the securities backed by sub-prime mortgages in the early 2000s? The complete collapse of these securities resulted in the 2008 financial meltdown of the American economy and, to a lesser degree, the world economy.

Craig McCullough

Victoria