Economy 52,834 Posted May 21, 2019 Share Posted May 21, 2019 https://www.bnnbloomberg.ca/imf-praises-canadian-banks-resilience-after-stress-tests-1.1262098 The IMF has recently studied Canada's banking and financial system again as part of their regular updates The IMF stated that even under a very extreme scenario such as big economic contraction, high unemployment and an over 40% housing price collapse the banks would remain stable Laws requiring banks having high cash reserves in case of economic meltdowns and several rounds of mortgage rule tightening over the last 10 years including the new stress test has made the system very resilient Despite high consumer debt the IMF sees the bank system as virtually infalable Link to post Share on other sites More sharing options...
Economy 52,834 Posted May 21, 2019 Author Share Posted May 21, 2019 For those against banking regulations... What u guys think? @Luc @PartySick @Woolfsmck @OBEY @JustinTrudeau Link to post Share on other sites More sharing options...
Lextyr97 20,788 Posted May 21, 2019 Share Posted May 21, 2019 I need to be in Canada. Why does their weather have to suck? (AKA be cold) Link to post Share on other sites More sharing options...
Economy 52,834 Posted May 21, 2019 Author Share Posted May 21, 2019 Just now, TylerBR97 said: I need to be in Canada. Why does their weather have to suck? (AKA be cold) I mean it's only cold for like 4-5 months out of the year (November to March Typically) April to October is usually fine tho when the heat comes depends on the year too What sucks is that many years we hardly have spring or fall... It's not uncommon to have the heat and the air conditioning on in the house in the same week when it's transition season... There's very little comfortable temperatures in between... It's like either summer or winter This year we've actually had spring tho. Many days of comfortable temperatures tho it's been unusually rainny. Everything is super green here in Toronto with all the water Link to post Share on other sites More sharing options...
melon 3,668 Posted May 21, 2019 Share Posted May 21, 2019 1 hour ago, Economy said: I mean it's only cold for like 4-5 months out of the year (November to March Typically) April to October is usually fine tho when the heat comes depends on the year too What sucks is that many years we hardly have spring or fall... It's not uncommon to have the heat and the air conditioning on in the house in the same week when it's transition season... There's very little comfortable temperatures in between... It's like either summer or winter This year we've actually had spring tho. Many days of comfortable temperatures tho it's been unusually rainny. Everything is super green here in Toronto with all the water sounds amazing I need to go sometime and visit, I just don’t know if I would want to come back! Then again I am very European and love being surrounded by the history and culture that just pervades every place I walk past show me to me please Link to post Share on other sites More sharing options...
Economy 52,834 Posted May 21, 2019 Author Share Posted May 21, 2019 5 minutes ago, melon said: sounds amazing I need to go sometime and visit, I just don’t know if I would want to come back! Then again I am very European and love being surrounded by the history and culture that just pervades every place I walk past Montreal and the rest of Quebec have a more European feel than say here in Toronto or most of the rest of Canada Toronto is not very historical excluding a few places like Casa Loma for example (where they filmed X-Men) Canada has amazing nature tho if u know where to go. Here's a few examples : Link to post Share on other sites More sharing options...
JustinTrudeau 2,419 Posted May 22, 2019 Share Posted May 22, 2019 Not bad, didn't think about how important the strength of the banks is. Thank you for sharing Now I may be a spoil brat, but I really want the housing prices to go down I fell down the stairs once as an actor. Link to post Share on other sites More sharing options...
Magneto 13,546 Posted May 22, 2019 Share Posted May 22, 2019 20 hours ago, TylerBR97 said: I need to be in Canada. Why does their weather have to suck? (AKA be cold) Sis, you're coming to The Netherlands and that's that Free my mind Link to post Share on other sites More sharing options...
Economy 52,834 Posted May 22, 2019 Author Share Posted May 22, 2019 50 minutes ago, JustinTrudeau said: Not bad, didn't think about how important the strength of the banks is. Thank you for sharing Now I may be a spoil brat, but I really want the housing prices to go down I want home prices down too Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted May 22, 2019 Share Posted May 22, 2019 23 hours ago, Economy said: For those against banking regulations... What u guys think? @Luc @PartySick @Woolfsmck @OBEY @JustinTrudeau Canada seems to do some things pretty well....maybe cause they see all the us ****ups and know what to avoid like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 52,834 Posted May 22, 2019 Author Share Posted May 22, 2019 9 minutes ago, Woolfsmck said: Canada seems to do some things pretty well....maybe cause they see all the us ****ups and know what to avoid Yeah we have that advantage The borrowing and big housing boom cycle here in Canada took off a few years later than in the US so we were able to see the result in the US and put some measures to try and stabilize things even tho the imbalances are very large Link to post Share on other sites More sharing options...
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