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Here’s why Moody’s just downgraded six Canadian banks

‘Downside risks’ to economic growth have enhanced banks’ vulnerability to household debt

Moody’s puts most of Canada’s banks on downgrade notice

Adding to the growing chorus of analysts predicting a bursting of the Canadian housing bubble, ratings agency Moody’s Investor Service placed almost all of Canada’s major banks on review for a downgrade Friday, citing the country’s growing household debt levels.