Market Talk – April 1, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 6.92 points or 0.02% to 35,624.48 • Shanghai increased 12.69 points or 0.38% to 3,348.44 [...]
Were There Government Defaults in Canada During the Great Depression?
QUESTION: You always mention how there were defaults and suspension of debt during the Great Depression by states and municipals. Was this also true in Canada?
JRT
ANSWER: Oh, yes. Whenever commodities have collapsed, Alberta finds itself in trouble. Central banks look to the national market and not to the regional sectors.
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