What does the S&P downgrade Mean to us?

scottm4211 · Aug 7, 2011

OntarioVanMan said:
So you are making .03 on the dollar more..or you just got a 3% raise....lucky you....

I'm still losing .02 but it's better. I grew up with our dollar 25-40% less I'd like to see that return but I ain't holding my breath

OntarioVanMan · Aug 7, 2011

Camper said:
While a downgrade was long overdue, It's hard to see how this move will have much long-term effect on treasury yields, given the credibility issues the rating agencies have. Canada was downgraded to Double A and the imapct was very minute.

These agencies contributed to this mess by failing to properly rate the mortgage-backed securities that were at the heart of the financial crisis. Now, The government is so deeply in debt partly because of the damage done by that same crisis.

Moody’s renews Canada’s triple-A credit rating
jeremy torobin
OTTAWA— Globe and Mail Update
Published Thursday, Jul. 28, 2011 10:39AM EDT
Last updated Friday, Jul. 29, 2011 9:02AM EDT

Moody’s renews Canada’s triple-A credit rating - The Globe and Mail

OntarioVanMan · Aug 7, 2011

scottm4211 said:
I'm still losing .02 but it's better. I grew up with our dollar 25-40% less I'd like to see that return but I ain't holding my breath

Yeah but you have FREE health Care....

Camper · Aug 7, 2011

OntarioVanMan said:
Moody’s renews Canada’s triple-A credit rating
jeremy torobin
OTTAWA— Globe and Mail Update
Published Thursday, Jul. 28, 2011 10:39AM EDT
Last updated Friday, Jul. 29, 2011 9:02AM EDT

Moody’s renews Canada’s triple-A credit rating - The Globe and Mail

Moody's seems a bit more liberal with their ratings, given their decision to maintain their Tripple A rating of the US.