Business
TSX suffers biggest drop of 2012 on growth fears
TORONTO (Reuters) - Canada's main stock index fell nearly 3 percent on Thursday, its largest one-day drop this year, as weak economic data from the United States, China and Europe fanned global growth fears and drove down commodity prices. Full Article
Moody's downgrades 15 banks, Morgan Stanley down two notches
CHARLOTTE, N.C./LONDON (Reuters) - Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking. Full Article
Bank of Canada still signals higher rates possible
HALIFAX, Nova Scotia (Reuters) - The Bank of Canada is still considering interest rate hikes, it signaled on Thursday, while cautioning it was keeping a close eye on Europe and saw less risk from a heated domestic housing market after the government tightened mortgage rules. Full Article
