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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 54.64+1.3%Jan 12 4:00 PM EST
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To: da_cheif™ who started this subject5/3/2002 3:15:29 PM
From: da_cheif™   of 207767
 
SEE i told ya bout da comin flationary boom ...da canada buck to da moon...lookit dis
Sent: Friday, May 03, 2002 11:41 AM
Subject: Moody's upgrades Canada

MOODY'S UPGRADES CANADA'S FOREIGN CURRENCY AND DOMESTIC CURRENCY
RATINGS

New York, May 03, 2002 -- Moody's Investors Service upgraded Canada's foreign
currency country ceilings for bonds and notes and for bank deposits to Aaa from Aa1.
The agency also upgraded the rating of the Canadian government's obligations in
both foreign currency and Canadian dollars to Aaa.

Moody's said that the rating upgrades were based on: (1) Canada's track record of
improving public-sector finance at both the federal and provincial levels; (2) the shift
of the external current-account balance into surplus, allowing the country's net
liability position to improve; and (3) the rating agency's assessment that the
controversy surrounding constitutional questions relating to Quebec had diminished.
Although Canada's total public sector debt in relation to GDP is slightly higher than the
average for other countries rated Aaa, Moody's believes that the downward trend in
this ratio will continue over the long term. Thus, Canada's debt position will soon
move closer to the average for similarly rated countries. The same trend appears
likely for the country's net external liability position.

In connection with the government upgrade, Moody's also upgraded the ratings of
the Business Development Bank of Canada, the Canada Mortgage and Housing
Corporation, Export Development Canada, Farm Credit Canada, Petro Canada Ltd.,
and Strait Crossing Finance, Inc.
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