Canadian Housing Bubble About to Burst Too ???
We began this week by talking about some disturbing signs that the Chinese housing bubble is perhaps about to burst.
Category: Canada
Canada Strongly Promotes Tight Regulation Instead of Global Bank Tax
Cabinet ministers from Canada’s Conservative government fanned out across the world recently to lobby against proposals for a global tax to cover the cost of bank bailouts.
Since 2008, the Conservative government in Canada has championed tight regulation, a position it had not previously embraced.
As a result, Canada’s banks were largely unaffected by the banking crisis of 2008,
and the Canadian government argues that any tax would unfairly penalize them.
