Canada’s Secret Bank Bailout

The conventional narrative about the performance Canada’s big banks during the financial crisis goes as follows: while American banks bet heavily on sub-prime real estate and had extensive shadow bank holdings, Canadian banks did not. However, the details of exactly how much each Canadian bank received, when they received it,…
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PBO Strikes Again

I wanted to tip my hat to the hard working folks at the PBO for a particularly revealing Economic and Fiscal Outlook that was published today. While the PBO has more than once eaten my lunch on various issues, they’ve done a superb job of looking at Canada’s economic and…
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