Category: Canada

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.

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.