also note that Senator Stabenow has asked Prez to get Canada to stop drilling in Great Lakes. This article gives you an insight into why Canada might not want to stop doing that and to risk further growth of their economy.
Monday, June 21, 2010
World looks to Canada for model economy | detnews.com | The Detroit News
World looks to Canada for model economy | detnews.com | The Detroit News
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I think it is very interesting that Canada of all countries could hold the solution to the global financial crisis. The five major banks discussed in the article have a large hold over the majority of banking in Canada, according to my observations in the country in the last week. ScotiaBank, CIBC, Bank of Montreal, TD Canada Trust and Royal Bank of Canada dominate the landscape of finance in the country, and it is my personal belief that having fewer banks with larger oversight helps to curb dodgy banking practice that sent the USA and countless other nations plunging into economic crisis while Canada remained stable.
ReplyDeleteI thought it was very interesting how the article talked about the banks being more regulated which is a big issue in the United States. I can also see why they would not want to stop drilling in the Great Lakes, but if there is a continued desire to drill then there needs to be a regulation of the oil companies much like Canada has done with their banks.
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