Canada is the only country in the world that is booming in their economy at this point. In fact, their economy grew 6.1% in this year first 3 months alone! But the main question here is why? How are they keeping their economy floating and not sinking? Well, to be honest their answer is very simple-no risky business.
That is right; while Europe and the US both took major risk with sub prime loans could be found via their banks. And that has paid off for them it appears.
I like the way that they work and it shows that it is one way to keep your countries economy without flopping. I think other countries should take heed and follow how Canada has worked this out. Not only did their economy grow, they also have earned all the jobs lost at first.
So the question here is this, why doesn’t Europe and the US copy Canada’s lead? Should we or should we keep going down this major path of debt and destruction? I want to know your answers to these problems.
Canada’s Economy
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