Anyone that visits this blog regularly knows that I'm bearish on Canadian banks. Particularly the Royal Bank of Canada. This bank appeared on a G20 list of too-big-too-fail banks, and the list that came from the Fed showing how much RBC received in bail-out money.
And now Moody's has downgraded RBC's triple A rating.
Keep your eyes on RBC, I imagine things are only going to get worse from here.
Yeah they're definitely going to get bailed again. Except this time it'll probably be BoC instead of the Fed
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