How badly is Canada affected by the financial crisis?
If the US goes under and the US Dollar starts to lose value, will Canada be there worst affected country since the US is the biggest trading partner? Also, how much debt does Canada have compared to the US? I've read the Canada survived the great depression pretty well with only a dozen bank failures compared to over 600 on the US side, what do you think is the deal now?
Public Comments
- One thing you overlook is in 1929 there was no Internet. I have no fear of a financial collapse as long as I can continue to earn online. In fact it's getting easier the more people that show up looking.
- Canada is much better off than the U.S. because our banks did not get caught up in the mortgage meltdown that occurred in the US. How ever there is currently a global recession going on which Canada can not escape from. The US dollar will probably sell off making our exports to the US more expensive putting pressure on our economy.
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