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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Were There Government Defaults in Canada During the Great Depression?

Latest Posts

Japan, China, and South Korea Strengthen Ties Amid US Tariffs

Uptick in US Manufacturing

Democrats Sue to Permit Election Fraud

German Troops Move to Russian Border in Lithuania 1st Time Post-WWII

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