Hopefully so wil our American friends, but that is not for sure.
TORONTO — Moody's Investor Services is renewing Canada's debt rating at triple-A, the highest possible.
The firm said the AAA rating was warranted due to the country's high degree of economic resiliency, efforts by Ottawa and the provinces to deal with their debt ratios over the coming years and other factors.
Moody's says the state of Canada's housing market and Quebec's sovereignty issues do pose some risk, but the risks are low.
The housing market also poses some risk because many mortgages are insured by a federal Crown corporation.