Market Talk – January 24, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 26.89 points or -0.07% to 39,931.98 • Shanghai increased 22.46 points or 0.70% to 3,252.63 [...]
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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