View Single Post
Old 12-09-2008, 03:12 PM
bullish bullish is offline
Senior Member
Join Date: Jul 2008
Posts: 155

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.
Reply With Quote