Prudent Press



The Unseen Bailout of the Canadian Banks, CCPA Report Sheds Light.


The Canadian Centre for Policy Alternatives (CCPA) a Canadian think tank, just recently issued a report claiming that there had in fact been, a secret bailout of the big five Canadian banks by the federal government. The report titled “Big Banks Big Secret” estimates that financial support for the Canadian banks reached $114 billion at… Continue Reading »


Risky Mortgages – Deregulation of Canada’s Financial Market – Pt 8


In the previous segments,much focus has been placed on the banks, life insurance companies, and others in the financial space. However now, we’re going to slowly move on forward to the mortgage market, because this is inherently where the greatest risks to the Canadian economy lie. In a nut shell, financial deregulation has occurred throughout… Continue Reading »


Outward Expansion – Deregulation of Canada’s Financial Industry Pt 7


Banking Expansionist Empire In academia, the risks in financial collapse can arise due to two market failures. One of these market failures is asymmetric information. On this line of reasoning, depository institutions are better informed about the characteristics of investments they make with depositors savings then the depositors. The characteristics of financial firms, such as… Continue Reading »

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