Quote:
Originally Posted by dyna mo
10 years.
Standard & Poor's took away Canada's AAA rating on debt denominated in foreign currencies in 1992.
But Ottawa recovered the grade in 2002 after reducing government spending as a fraction of GDP by more than eight percent, through a series of stringent spending cuts.
|
damn, good find...
we didn't have a major financial crisis at all during all that either... So are the market jumps just fear driven?