Here’s what we’re reading today.
1. Trump offers new account of firing ‘showboat’ Comey
“In his first extended comments on a move that has roiled Washington, Mr. Trump castigated Mr. Comey, calling him ‘a showboat’ and ‘a grandstander’ who had created turmoil at the bureau. But the president’s description of his decision-making process conflicted with the account provided previously by his aides.”
+1: What happens to the FBI’s Russia investigation now? – The Atlantic
2. Moody’s downgrades credit ratings for Canada’s Big 6 banks
“Moody’s says high debt levels and soaring house prices could be bad news for Canada’s big banks, and has downgraded their credit rating as a result.
“Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada and Royal Bank of Canada all saw their credit ratings cut by one notch late Wednesday.”
– CBC News
3. Ontario introduces legislation to lower hydro bills for next decade
“Electricity bills in the province have roughly doubled in the last decade, and have sparked increasing anger among Ontarians, leading to plummeting approval ratings for Premier Kathleen Wynne.
“Ten weeks after announcing a plan to lower hydro bills, the Liberal government has introduced its legislation to lower time-of-use rates, take the cost of low-income and rural support programs off bills, and introduce new social programs.”
+1: Electricity prices to soar after four years, says secret Liberal cabinet document – Toronto Star
4. Top liberals are unintentionally building an Anti-Trump conspiracy media
“Democrats and the mainstream media have spent the months since Donald Trump’s election fixated on the the flood of unconfirmed reports, half-truths, and outright propaganda that accompanied his rise.
“But some of the country’s leading liberal lights — respected figures including elected officials, prominent legal scholars, members of the media and celebrities — are themselves sharing wild allegations about the Trump administration from unreliable sources.”
5. China is on track to fully phase out cash
“Experts believe it won’t be long before China, the first country to introduce paper money, becomes the first to go totally cashless.”