According to Bloomberg, 4 Canadian banks were put in the list of the world’s 10 most reliable banks: "Toronto-Dominion Bank", "Canadian Imperial Bank of Commerce" (CIBC), "National Bank of Canada" and "Royal Bank of Canada" It should be noted that there is no EU or US bank in the list.
The Singaporean bank "Oversea-Chinese Banking Corp" is number one in the rating.
Previously, there were precedents when Canadian financial institutions were recognized some of the world’s most reliable. For example, in mid April, Moody’s Investors Services rated Canadian banks as A2 or higher. For the sake of comparison, no European, Asian-Pacific or US financial institution can boast such a high rating.
Forex.
According to , the Canadian Dollar is forming an ABC pattern of wave level Daily4. It continues losing value against its US counterpart. The closest levels of resistance for USDCAD are 1,0250 and 1,0320.
The long-term downtrend may resume if the price breaks and consolidates below 0,9988 (as shown below):
