New Zealand mosque shooting: At least 49 dead, 20 injured after ‘terrorist attack’

first_img More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets DetectiveHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance New Zealand has been placed on its highest security threat level after a gunman killed 49 people and wounded more than 20 at two mosques in Christchurch.In an act condemned as terrorism by Prime Minister Jacinda Ardern, an attacker broadcast online live footage of the assault after publishing a so-called manifesto in which he denounced immigrants. Alex Daniel Share Tags: Terrorismcenter_img whatsapp The apparent gunman’s footage was circulated on social media, seeming to show him driving to one mosque, entering it and shooting randomly at people inside.One man who said he had been at the city’s main mosque, Al Noor, told media the gunman was white, blond and wearing a helmet and bulletproof vest. He entered the mosque as worshippers were kneeling for prayers.“He had a big gun … he came and started shooting everyone in the mosque, everywhere,” said the man, Ahmad Al-Mahmoud. He said he and others escaped by breaking through a glass door. Friday 15 March 2019 8:39 am Read more: Police investigating explosives at Waterloo and City and Heathrow AirportsAustralian Prime Minister Scott Morrison said one of the men in police custody was an Australian.All mosques in New Zealand had been asked to shut their doors, police said. It is the country’s worst ever mass shooting.Read more: Law to help businesses get insurance payouts after terror attacks passedArdern said four people who held extremist views were in police custody, three men and one woman, but had not been on police watchlists.“We believe that 40 people have lost their lives in this act of extreme violence,” Ardern said. “It is clear that this can now only be described as a terrorist attack.”“This is one of New Zealand’s darkest days,” she added. New Zealand mosque shooting: At least 49 dead, 20 injured after ‘terrorist attack’ last_img read more

New program tests for harmful algae blooms, toxicity in Southeast waters

first_imgClimate Change | Environment | Science & Tech | SoutheastNew program tests for harmful algae blooms, toxicity in Southeast watersDecember 6, 2015 by Theresa Soley Share:Average chlorophyll concentrations in milligrams per cubic meter of water in July 2015. The darkest green areas have the highest surface chlorophyll concentrations and the largest amounts of phytoplankton, both toxic and harmless species. (Image courtesy NOAA)During the summer, toxic algae whip through marine currents in Southeast and are consumed by filter-feeding bivalves, like mussels. One such algae is an armored dinoflagellate called Alexandrium.Alexandrium was common only in summer months previously, but now may be present in the winter, too.“Blue mussels are kind of like the pigs of the sea. They never stop feeding,” said Chris Whitehead, environmental program manager of the Southeast Alaska Tribal Toxins partnership.Blue mussels are one entry point for Alexandrium to work its way up the food chain. The algae cause paralytic shellfish poisoning, affecting animals that eat blue mussels, like Dungeness crabs and humans.And another harmful algae, Pseudo-nitzschia, is circulating in the Pacific too.From California to Washington, commercial Dungeness crab fisheries were closed or delayed this fall because of the Pseudo-nitzschia bloom. Some species of the algae produce domoic acid, a neurotoxin.Dungeness crab at Pike Place Market in Seattle, October 2011. (Creative Commons photo by jpellgen)The Southeast Alaska Tribal Toxins partnership and University of Alaska Fairbanks oceanographer Liz Tobin have created a program to test for blooms and toxicity in Southeast.September SEATT data from Juneau indicates Pseudo-nitzschia was present at Amalga Harbor, Auke Bay, Eagle Beach and Point Louisa. According to Tobin, the presence of Pseudo-nitzschia has been documented in Southeast but there is no evidence of the harmful domoic acid.Whitehead, with the tribal partnership, said the Pseudo-nitzschia found in Southeast could be a different, nontoxic species than the one documented down south.Moving up the coast, “somewhere in Canada everything changed,” he said. “As soon as it left the West Coast of Washington and moved into British Columbia something switched.”At the Juneau testing sites monitored this September, Alexandrium was present at all locations except Eagle Beach, although there was no bloom.In the past, it was considered safe in Southeast to consume bivalves harvested from September through April, because Alexandrium was uncommon. But there was a case of PSP documented last December in Juneau, according to Whitehead.While the monitoring project for toxic algae is in its infancy, researchers believe future studies will detect blooms before they become harmful to people. Monitoring plans include testing bivalves and dungees for the toxins.A recent study from Haines found the guts of Dungeness crab tested higher for PSP than Food and Drug Administration limits for human consumption. While most people don’t eat the guts, the results may be worrisome for crab consumers.Christine Woll fishes for dungees by kayak from North Douglas. She drops a collapsible pot each spring and paddles to it weekly throughout the summer to retrieve her catch. She guts each crab and keeps the meat only.Woll used to make crab stock out of the leftover carapace, but she has stopped.“If there are extra parts of the crab left there on the shell that might be toxic, that would be a place that I might get in trouble,” she said.According to oceanographer Tobin, as far as research can tell, only consumption of infected dungee guts, not the meat, is toxic for human consumption when it comes to PSP.But domoic acid accumulates in crab meat.Tobin said a few environmental factors are responsible for prolific algae blooms.“Temperature seems to be a driving factor, but considering that this year we had anonymously high sea surface temperatures in the Juneau area, and we didn’t see a bloom (of Alexandria), that indicates that it’s not the only contributing factor,” she said.Wind speeds, freshwater runoff and nutrient loading could also affect the blooms.An unusual mortality event of 18 endangered whales near Kodiak has raised concerns toxic algae could be harming whales, too.All of these questions call for further monitoring by the tribal partnership.The group’s new biotoxin lab in Sitka will take a leap forward in early detection of harmful blooms. The monitoring program could allow documentation of toxins before they work through the food chain from mussels to crabs and humans.Share this story:last_img read more

Want $1,000? Just show that you need it, says Skagway assembly

first_imgCoronavirus | Economy | Local Government | Southeast | TourismWant $1,000? Just show that you need it, says Skagway assemblyJune 10, 2020 by Claire Stremple, KHNS – Haines Share:Cruise ship visitors browse Skagway shops on a May afternoon. (Photo by Emily Files/KHNS)Skagway residents followed last Thursday night’s assembly meeting closely. Dozens wrote, called or attended to weigh in on health, safety and millions of dollars in relief money.The Skagway Borough Assembly unanimously approved the six-month budget and ended a two-week self quarantine requirement for people arriving in Skagway. The municipality will now follow state health guidelines for travelers. That means travelers who have tested negative for COVID-19 may enter the state without a 14-day quarantine.Assembly member Dustin Stone has been an outspoken advocate of caution through the pandemic. He doesn’t want the municipality to end its quarantine now, but voted to end it anyway.“I don’t think Skagway needs us to legislate morality,” he said. “I just ask my neighbors to look out for everyone in town the way you would want them to look out for you. So yeah, I’m going to vote to end this. But that doesn’t mean we should stop doing what’s what’s safe and what’s right. I think Skagway can do it voluntarily. And I have faith in us to do the right thing.”After lengthy discussion, Assembly Members also voted unanimously to pass a resolution distributing CARES Act relief money. The municipality received an initial amount of $2.9 million from the state at the beginning of the month. The largest portion of the money ⁠— $1.4 million — will be distributed directly to residents in the form of monthly, $1,000 checks.Qualified applicants must provide two pieces of proof of Skagway residency dated before June 4, 2020. Assembly member Orion Hansen said he wanted proof that applicants have lived in Skagway since before the aid offer.“What I’m trying to say here is that I don’t want to see people flocking from other Southeast communities to come get money. And I don’t know if there’s a better way to say that, but I don’t want to see that. This is for Skagway. That’s where I’m coming from,” he said.The money will be available to Skagway residents who demonstrate need as a result of COVID-19. Each applicant will receive $1,000 and an additional $1,000 for a spouse and each dependent. Manager Brad Ryan said residents can expect the first payment as soon as June 18.Skagway Development Corporation will receive $1 million in relief money. That will fund its business grant program aimed at carrying local businesses through until the 2021 cruise ship season. The assembly will consider SDC’s plan at its next meeting.Share this story:last_img read more

Ketchikan City Council to consider head tax tweak aimed at freeing up port revenue

first_imgEconomy | Local Government | Southeast | TourismKetchikan City Council to consider head tax tweak aimed at freeing up port revenueFebruary 4, 2021 by Eric Stone, KRBD – Ketchikan Share:Passengers from the megaship Norwegian Joy disembark in May 2019 at Ketchikan’s Berth 3 downtown. (Photo by Leila Kheiry/KRBD)Ketchikan may change how it levies its $9 head tax on visiting cruise ship passengers. Ketchikan’s city council is scheduled to take up a proposal to reconfigure the city’s biggest source of port-related revenue Thursday.The proposal would tweak how the city levies a $9 tax on cruise ship passengers.As it stands, the city bills the cruise lines directly. The city’s proposal would reword language in the law to apply to passengers. Cruise lines would be responsible for collecting that tax and sending it to Ketchikan.“The idea of levying a fee on the passengers that’s collected by the cruise lines makes absolute sense,” said Joe Geldhof in a phone interview Wednesday. He’s an attorney in Juneau, and he knows a thing or two about head taxes — he wrote the initiative that created Juneau’s local head tax in 1999.Cruise passengers already pay Alaska’s head tax. It’s baked into their cruise packages. But the change in wording is a workaround due to a federal ruling that limits how city head tax money can be spent locally.That’s because the cruise industry challenged Juneau’s head tax in 2016. A federal judge upheld the fees but ruled it could only be applied narrowly to services tied to the ships themselves.Ketchikan has retained attorney Bob Blasco, who defended the City and Borough of Juneau in that case. He says there’s a legal workaround. In a legal opinion commissioned by the city, he argues that by levying the fee directly on passengers, those restrictions would be looser.Blasco couldn’t be reached for comment Wednesday afternoon.But Juneau attorney Joe Geldhof says rewriting the ordinance won’t remove all the strings attached to head tax money.“But they will have, relatively speaking, more ability to target the money collected, the fees collected, to mitigate and offset the impacts of having large numbers of tourists involved in what’s still a relatively small town,” Geldhof said.So that money could, in theory, go towards restrooms, parks, lighting — amenities used by the passengers that pay the fee. It follows the model set by the state’s own head tax, which Geldhof helped craft in 2006.Ketchikan’s City Council is scheduled to take up the proposal at its next meeting, Thursday at 7 p.m. at the Ted Ferry Civic Center. The full agenda is available online, and the meeting is broadcast on local cable channels live-streamed at the city’s website. Public comment will be heard at the beginning of the meeting.Share this story:last_img read more

Man dies in taco eating contest, family sues event organizers

first_imgFederal judge overturns California’s ban on assault weapons June 7, 2021 Airplane found at bottom of lake could solve 56-year-old aviation mystery June 15, 2021 Arkansas woman suing police after short chase ends with state trooper flipping her car June 11, 2021 Charter boat captains file lawsuit to stop government GPS tracking regulations June 16, 2021 AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments FRESNO, Calif. / AP — The son of a California man who choked to death during an amateur taco eating contest is suing the event’s organizers for negligence.Marshall Hutchings, 18, filed a lawsuit on Monday that alleges his father, Dana Hutchings, 41, was not made aware of the risks or danger involved in an eating competition, the Fresno Bee reported. The man died after choking on tacos while competing in the contest on August 13, 2019. Participants competed to devour as many tacos as possible during a certain amount of time.The suit names Fresno Sports and Events. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 commentscenter_img Advertisement AdvertisementTags: californiaLawsuittaco Advertisement Advertisement“We won’t be making any public comments,” a spokesperson said in an email.Professionals in the sport of competitive eating train and make themselves physically ready to participate, Hutchings’ attorney Martin Taleisnik said.“But that is not always present in an amateur eating contest,” Taleisnik said. “The conductors of this event should have made the risks known to the competitors and taken steps to protect them.” RELATEDTOPICSlast_img read more

2018 Remembered – The very sad story of Rafal Filipowicz

first_img Facebook TAGS2018 Remembered Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ This is a very sad story which had a tragic and devastating ending. Back in March, a Polish man living in Carlow went missing from Portlaoise Hospital. A number of appeals were launched to find him but they failed until his body was discovered recently in a remote area between Mountmellick and Portlaoise. ____________________________________________________Back in March, 30-year-old, Rafal Filipowicz who is missing from his home at Green Road, Carlow.Rafal was last seen on March 21, at approximately 8am in the area of Portlaoise General Hospital.He is described as being 5’11’’ in height, with brown hair. He has a tattoo on his right forearm.When last seen he was wearing a red polo shirt, grey tracksuit bottoms and dark coloured runners.Subsequent appeals were launched in June, July and September before Rafal’s remains were discovered in December.The Polish national was last seen in Portlaoise earlier this year on March 16. He was in court and served a short spell in prison, followed by discharging himself from Portlaoise hospital against medical advice.Gardaí were satisfied the human remains found in woodland at Straboe are those of 30 year old Filipowicz and they do not suspect foul play.The family of Mr Filipowicz arrived into Ireland to identify remains found in Laois. Twitter Facebook WhatsApp Pinterest Council Mr Filipowicz had been living in Carlow for a number of yearsThe remains were discovered by forestry workers on Tuesday, December 5.May he Rest in Peace.SEE ALSO – Plans for almost 80 houses in Stradbally advancing Twitter Community center_img By LaoisToday Reporter – 2nd January 2019 2018 Remembered – The very sad story of Rafal Filipowicz Home We Are Laois 2018 Remembered – The very sad story of Rafal Filipowicz We Are Laois RELATED ARTICLESMORE FROM AUTHOR Previous article2018 Remembered – New bar and restaurant to open in Portlaoise this weekend as old Egan’s gets a new lease of lifeNext article2018 Remembered: WATCH: Shocking videos show the campsite carnage left after this year’s Electric Picnic LaoisToday Reporter Pinterest Community WhatsApp New Arles road opens but disquiet over who was invited to official opening Laois secondary school announces scholarship winners for new academic yearlast_img read more

North Korean women’s soccer team paraded in the cold for Party…

first_img AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] Analysis & Opinion Facebook Twitter SHARE RELATED ARTICLESMORE FROM AUTHOR Welcome crowds gathered at Sunan International Airport in Pyongyang on December 6 to congratulate the North Korean women’s soccer team who won the FIFA U-20 Women’s Soccer World Cup. North Korea beat France 3-1 in the final match in Papua New Guinea on December 3. The North Korean team previously won the Women’s World Cup in 2006.After the welcoming ceremony at the airport, an entourage of cars was waiting for the team members, with the authorities preparing a celebration for their victory by mobilizing hundreds of thousands of people in Pyongyang. It is not unusual for the regime to hold such a parade, with similar events having been held several times this year to congratulate those responsible for the nuclear tests and missile launches, as well as winners of sports competitions.Celebration in the cold weatherHowever, it was unusually cold on the day of the parade. On December 6, the temperature in Seoul was less than 3 degrees (Celsius) above zero, which was 10 degrees lower than the day before. In some parts of Seoul and Gyeonggi Province, a cold wave watch was announced. This suggests that the weather in North Korea was similar at the time. According to the weather forecast of December 6 reported by Korean Central TV on December 5, the highest temperature in Pyongyang was expected to be 3 degrees above zero, with a low of minus 5 degrees. Given that the highest temperature was similar to Seoul’s forecast, it is likely that Pyongyang would have been at least as cold as Seoul. North Korea’s under-20 women’s soccer team were paraded through the streets of Pyongyang in a flower-covered vehicle on December 6, celebrating their World Cup win. Photo=KCTV screenshot Analysis & Opinion North Korean women’s soccer team paraded in the cold for Party propagandacenter_img Analysis & Opinion Pence Cartoon: “KOR-US Karaoke” Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center By Daily NK – 2016.12.12 4:38pm Is Nuclear Peace with North Korea Possible? Analysis & Opinion The vehicles mobilized for parade were convertibles with open tops, to allow the team members to interact with the cheering Pyongyang citizens. The team members had to ride through the streets of Pyongyang facing cold winds while sitting in the convertibles, wearing only a single jacket over their suits. The length of their skirts as seen on TV was at about knee level, with all members tightly clutching a large North Korean flag, seemingly more due to the cold than for patriotism.The parade appeared to have gone on for quite some time, with darkness falling by the time the athletes arrived at Mansudae Hill to place wreaths at the statues of Kim Il Sung and Kim Jong Il. Emphasis on sports, typical of dictatorial regimesDictatorial regimes typically tend to place an emphasis on sports. Sports can induce enthusiasm amongst the population, which helps distract them from the absurdity of the dictatorship under which they live, and helps sweep up patriotic fervor. The intent of the North Korean regime to hold such an extensive parade for the winning team can be understood in this context.*Views expressed in Guest Columns do not necessarily reflect those of Daily NK.last_img read more

Pyongyang car wash station turns to prostitution for cash

first_img North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) TAGScorruption SHARE Hamhung man arrested for corruption while working at a state-run department store News AvatarKim Yoo JinKim Yoo Jin is one of Daily NK’s freelance journalists. Please direct any questions about his articles to [email protected] RELATED ARTICLESMORE FROM AUTHOR News center_img News North Korean law enforcement recently probed a car wash and disinfection station near Pyongyang after allegations surfaced that it was running a prostitution ring, Daily NK has learned. “The station wasn’t earning as much money as before so the manager turned to prostitution to keep up the station’s profits,” a South Pyongan Province-based source told Daily NK on Monday. “Word got out about the prostitution ring and rumors spread among locals. Then the police got involved and conducted an investigation.” This is the first time that Daily NK has learned of a prostitution ring being operated at a state-run business. Increasingly, North Koreans have opened up massage parlors in their homes or are engaging in covert sex work at saunas and restaurants as economic conditions in the country has worsened.North Korean car wash and disinfection stations are located at the entrance of roads leading into Pyongyang as part of the city’s efforts to control disease and ensure vehicles entering the city are clean. Cars that pass through the stations are thoroughly examined and those deemed “unsanitary” undergo a mandatory wash and/or disinfection. A single wash and disinfection costs drivers USD 4. Frequent visitors to Pyongyang, however, have begun getting their cars cleaned in advance before reaching the stations. Stations have accordingly faced a dip in their profits. What’s more, North Korean truck and van drivers nowadays have less of a need for the stations because they are often accompanied by helpers who keep their vehicles clean.The station facing a police investigation apparently had trouble meeting its USD 2,000 monthly quota set by the state and turned to prostitution to make up its losses. After recruiting prostitutes, station attendants began targeting drivers traveling into Pyongyang from earlier this year. “The station hired pretty women and charged clients USD 20–30 per session,” another Daily NK source in South Pyongan Province said. “Rumors spread about the car wash station running a prostitution ring, but the police didn’t do anything. It was only when locals began complaining that they started an investigation and put a stop to it.”After the authorities investigated the station in early September, the head of the station was called in front of a local party committee and forced to write a self-criticism about his actions.“Locals complained [about the lack of disciplinary action] and said that the head of the station should face more penalties for running a prostitution ring instead of disinfecting and cleaning cars,” the source said. “Ultimately, he was just forced to write a self-criticism. We’ll have to wait and see if he will face further punishment.”*Translated by Violet KimPlease direct any comments or questions about this article to [email protected] Facebook Twitter North Korea hikes “party contributions” Russia-based workers must pay by 30-55%last_img read more

OSC must send case documents to Mexico: panel

Facebook LinkedIn Twitter An Ontario Securities Commission (OSC) panel has ruled that OSC enforcement staff cannot require a Mexico-based defendant to come to the commission’s office to view the evidence against it. The OSC Thursday published its reasons for a decision made back on September 20, which found that OSC staff have not complied with their disclosure obligations in their case against Cabo Catoche Corp. (aka Medra Corp.). According to the decision, Medra requested that copies of all relevant documents in the commission’s case against it be sent to its offices in Mexico. OSC staff refused, and advised the firm that the documents are available for inspection at its offices in Toronto. The decision indicates that staff refused to send copies to Mexico for fear that Medra would breach their obligation not to disclose the contents of the documents to third parties, under Ontario securities laws. They maintain that neither Medra, nor its Mexican counsel, can give an enforceable undertaking not to disclose the documents. And, that the firm has indicated that it intends to share the disclosure with Mexican authorities, breaching their confidentiality obligation. Therefore, staff argue they should not be required to provide Medra copies of the materials. However, the commission sided with the firm, which did not appear at the hearing. It says that a fundamental problem with OSC staff’s position is that “it draws an unsupportable distinction between respondents living in Canada at the time of disclosure and those living abroad.” Any respondent to a regulatory action could later decide to leave the country and take their disclosure with them, it notes. “In such cases, staff are equally powerless to stop misuse of the documents upon their removal from Canada.” The decision says that to ensure Medra understands the limitations on its use of the disclosure material and agrees to those limitations, OSC staff will not be required to provide copies of the documents to Medra until it provides a written undertaking that it will not disclose the documents. If it fails to provide the undertaking, OSC staff are not required to provide copies. If it gives the undertaking, and then breaches it, it could be subject to further sanctions. The panel will allow the OSC staff to redact any personal information about investors from the disclosure material. Share this article and your comments with peers on social media PwC alleges deleted emails, unusual transactions in Bridging Finance case James Langton Mouth mechanic turned market manipulator BFI investors plead for firm’s sale Keywords EnforcementCompanies Ontario Securities Commission Related news read more

Moody’s downgrades outlook for Canada’s banks

first_imgJames Langton G7 tax pledge may be upstaged by CBDC work Moody’s says that the Canadian government’s plans to implement a ‘bail-in regime’ for domestic, systemically important banks, coupled with the global trend by governments to seek increased ‘burden-sharing’ from creditors, is behind its decision to change its outlook on the banking system. “The accelerating global trend of governments to share the burden of bank resolutions with senior bondholders could reduce the predictability of government support in bank failure scenarios,” said David Beattie, senior vice president at Moody’s. “Most of the Canadian banks we rate receive rating uplift based on our very high expectation of support from the Canadian government and that expectation may diminish in the future.” Moody’s says that the banks’ strong earnings power, driven by their formidable franchises in a concentrated market, will be the Canadian banking system’s major strength over the next 12 to 18 months. However, it also cautions that their efforts to ramp up growth has led them to diversify into riskier businesses and geographies “which dilute their strong domestic credit profiles and represent a growing risk to the Canadian system’s stability.” Additionally, it notes that high household indebtedness and elevated housing prices remain key risks to banking system stability in Canada. High debt levels threaten banks’ strong results: Fitch Share this article and your comments with peers on social media U.S. action on climate benefits banks, asset managers: Moody’scenter_img Keywords Banking industry With expectations for government support declining, Moody’s Investors Service has changed its outlook for the Canadian banking system to negative from stable. The rating agency says that its assessment of the credit quality of the Canadian banks it rates remains unchanged, and that Canada remains one of the highest rated banking systems in the world. Nevertheless, the outlook has shifted to negative on reduced expectations for the support a failing bank would receive from the government. Related news Facebook LinkedIn Twitterlast_img read more