Why Canadian Housing and Banking Financial industry did not collapse?


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Did anyone watch Mr. Harper last sunday on CNN?


Answer (5):

 
Dr.John L

Because the banks did not assume risky policies as happened in the US. Also regulations in Canada are tougher. However I would never entrust Canada in the hands of Harper. The sooner he's gone, the better.

 
Marshall

No I didnt

However, the reason they didnt collapse is because its elected officials didnt cause an uproar saying it wasnt for "fair" for blacks who couldnt afford houses. Now they bought houses they couldnt afford and we are in this mess.

 
Innocent

They do not have a space program, hand outs and pork to pay for.

 
full blooded american

because canada minds there own business! america should do the same

 
perflexed

it was already collapse by socialism.