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Old 12-09-2008, 06:17 PM
trent trent is offline
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Quote:
Originally Posted by bullish View Post
If you compare the bankruptcies increase in Canada and US, you'll see that ours is nothing special. Canadian banks enforced much more stringent lending rules, that's why we didn't have the irresponsible borrowing the US had. I think Canadian bankruptcies will peak very soon, when there are the first signs that the economic recovery is underway.
This is simply because we are 1 or 2 years late compared to US. Don't forget that our crisis just started.
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