Loading ...I believe the Canadian banks historically have considerably higher reserve requirements , thus less leveraged . I believe real estate transactions require a significant down payment as well . That said , it is a commodity based economy so right now the country is in trouble . The new PM is a socialist and has committed to absorbing at least 25 000 ‘Syrian’ refugees , 2-1/2 times more per capita than Obama’s 100 000 stated goal .
The only statement I would contest is the duration of the Japanese economic malaise (coma as Harry Dent calls it) – it has been ongoing for almost a generation , not a decade .
To put things in perspective , the price of gold (and silver ) has gone up more or less inversely proportional to the decline in value of the Canadian $ .
Thanks for finding and posting that video . I was born in Canada , and hate to see what is happening to Canadian citizens of my era .
When I was a boy , there were still copper ‘pennies’ about the size of a half dollar in circulation , rarely . The country would go broke coining them today . In fact , I think the Canadian Mint has stopped making pennies altogether .