Global markets are climbing again this morning, though Canadian investors should take note: Toronto has been "wildly" underperforming as other exchanges push fresh highs.

Toronto is down about 20 per cent from its peak.

he Globe and Mail’s Sean Silcoff and Dianne Nice hosted an online chat today with Vijai Mohan, the founder of a small U.S. hedge fund who’s perhaps better known as the man who’s selling Canada short.

Toronto is divided over whether adding a downtown relief line to the subway system is worth an extra $50 in property tax each year, according to a new poll.

Less than 24 hours after Lagarde put down her dessert fork, debt rating agency Moody’s put six of Canada’s biggest banks under review for a possible ratings downgrade, citing high consumer debt levels and a frothy housing market.

Household debt-to-income ratios now stand at 163 per cent, higher than in the United States before its housing crash and up from 147 per cent two years ago.

RBC last week revealed plans to spend $1.4 billion to buy auto lender Ally Financial while TD said it was buying retailer Target’s credit card business. The Bank of Nova Scotia also recently purchased the online bank ING Direct for $3.1 billion.