Dodge Criticizes Carney, the Globe Pushes Back
There’s been an interesting debate going on for the last couple of days in Canada. David Dodge, who was the former Bank of Canada governor from February 1, 2001 to January 31, 2008 has recently spoken out against Mark Carney, saying that he disagrees with the now-Governor when it comes to the housing market in…
Read moreOur Banks are Pretty Good!
Ever since David MacDonald of the Canadian Centre for Policy Alternatives accused our federal government earlier this week of giving our major banks bailouts, there’s been little talk of anything else. But not only were our banks not bailed out during the recession, they actually performed much better than many of the global banking systems….
Read moreWill You go for the ScotiaHockey NHL Card?
Banks have forever been trying to lure customers away from Toronto mortgage brokers, as well as other banks and lenders by offering them deals that are sometimes too good to be true and other times, just coming up with something so creative and unique that Canadians just can’t resist. And that’s just what Scotiabank did…
Read moreWhat is a Bank Bailout?
Yesterday we talked about the study released by the Canadian Centre for Policy Alternatives, in which they accused our federal government of giving the banks a bailout during the recession. While we disagree with this line of thinking, and explained in our post yesterday as to why we disagree with it, it’s raised some interesting…
Read moreWill the OSFI be able to Handle CMHC?
Most Canadians know by now about the recent changes made to the Canada Mortgage and Housing Corporation that were made last week; the changes that involve CMHC now being taken over by the Office of the Superintendent of Financial Institutions (OSFI.) When the change occurred, we asked you to weigh in on whether or not…
Read moreCanada’s Banks not Given Secret Bailout
Throughout the recession years in Canada, we prided ourselves on the fact that our economy was doing so much better than that of most of the world’s. Our Canadian and Toronto mortgages weren’t in as much trouble as they were down south, and our banks didn’t need the bailout that they also did in the…
Read moreMark Carney Reflects on Politics – and Debt
Bank of Canada Governor Mark Carney sat down with Tom Clark on “The West Block” last week to talk about two things that are weighing heavily on his mind, as well as the minds of many Canadians – whether or not he’s leaving us here in Canada; and of course, what we’re going to do…
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