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- Oct 12, 2007
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- 586
Toronto: The new Zurich?
There is huge global confidence in the Canadian economy and Canadian financial institutions, and the reason for that is simple. They stood rock solid in the debt crisis of 2008-09.
Confidence is a prerequisite for economic growth. People invest based on the belief that the instruments they are purchasing will increase in value. Canada isn`t issuing as much debt as most nations, and so people are confident their money will be there when it comes time to cash in.
Read full article here
There is huge global confidence in the Canadian economy and Canadian financial institutions, and the reason for that is simple. They stood rock solid in the debt crisis of 2008-09.
Confidence is a prerequisite for economic growth. People invest based on the belief that the instruments they are purchasing will increase in value. Canada isn`t issuing as much debt as most nations, and so people are confident their money will be there when it comes time to cash in.
Read full article here