Market Talk – October 2, 2023
ASIA: Business sentiment in Japan improved in the third quarter, according to a central bank survey. This suggests that the conditions for a strong economic recovery are coming together, [...]
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.
Latest Posts
Costa Rica Declares State of Emergency
President Rodrigo Chaves of Costa Rica has declared a state of emergency, but not due to anything happening in his nation per say. People across the globe are passing through [...]
Canada to be Short 3.45 Million Homes by 2030
The demand for housing in Canada drastically outweighs the supply. The Canada Mortgage and Housing Corporation (CMHC) has confirmed that fewer new builds are expected for 2024. In fact, the [...]
California Raises Minimum Wage for Fast Food Workers to $20 per Hour
Effective April 1, fast food workers in California will receive a minimum wage of $20 thanks to a new law signed by Governor Gavin Newsom. This law does not extend [...]
