Posted on 07/28/2011 4:26:26 PM PDT by rickmichaels
Bond rating agency Moody's Investor Services is maintaining Canada's debt rating at triple-A, the highest possible.
The firm said Thursday the AAA rating was warranted, citing among other things, the country's "high degree of economic resiliency" and deficit-cutting efforts by the federal and provincial governments.
It based its assumption about resiliency on Canada's "high per capita income, the large scale of the economy and its diversity, including natural resource industries and a competitive manufacturing sector, as well as a well-developed and well-regulated financial market."
Moody's said there are risks posed by Canada's housing market — where many mortgages are insured by the federal Canada Mortgage and Housing Corporation — and Quebec's sovereignty issues, but it rated those as low.
Moody's considered a major downturn of the housing market unlikely and, even in an extreme case, Ottawa's extra costs would be relatively small.
Similarly, Quebec's sovereignty movement doesn't seem to pose a significant risk since the issue doesn't appear high on the political agenda.
Some market watchers have warned that the U.S. is in danger of losing its triple-A rating, especially if the current debt ceiling talks fail to make a significant dent in the deficit.
Take that Boehner !
In yo` face Obama !
How u like it now Reid !
Canada Slashes Business Levies to lure business-
In 2012, Canada plans to cut its corporate taxes further, to 15%, bringing combined provincial and federal taxes to about 25%, from a combined average of 42.6% in 2000.
They are also a friend to Israel.
Lowering taxes works!
http://online.wsj.com/article/SB10001424052970203525404576050080874854882.html
Canada also uses it’s energy smartly and does not have an Imbecilic Commie Hack,shutting it down.
You'll see!
the Obamanation
I recently saw an article that Canada is becoming a nice tax haven for the wealthy.
Good proximity to the U.S., without the bullsh*t. Wouldn’t blame them!
And unlike the US dollar, the Canadian dollar is stable.
Canada has increased its energy output 80% since 1985, but its energy usage has only increased 40%.
Where does that surplus go? To the USA.
The US imports more energy from Canada than we do from any other country in the world.
With 0bama's destructive agenda for US coal, crude, natural gas and nuclear that figure will increase in the future.
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