Tag: Pan-Canadian Investors Committee

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Memo to BofC | Canadian lesson ought to be benefit of early co-operative action – not “it began outside … “

Colin Henderson

I have to take issue with this statement by the Bank of Canada Deputy Governor made this morning to the House of Commons Standing Committee on Finance.  Without a full and proper understanding of the crisis, how can our leaders be exepcted to appropriately address it.  In particular this is central bank advice to the House of Commons.  Yes a global solution is required, but no it begain inside all countries borders, and here is the Canadian experience followed at this blog. Opening statement by Pierre Duguay Deputy Governor of the Bank of Canada to the House of Commons Standing … Continue reading Memo to BofC | Canadian lesson ought to be benefit of early co-operative action – not “it began outside … “

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Arrangement shelters ABCP worth 27% of Canadian Bank equity base

Colin Henderson

The always clear thinking Fareed wrote this piece on the Canadian Banking system and how it is the envy of the world.  The facts outlined are indisputable and the distinctions between the US and Canadian systems that favour care and moderation in Canada are all true. However there is one other event he does not mention, that has quietly gone on for the last 14 months and in fact just completed in January this year with the announcement noted below on the E&Y site dated Jan 21st, 2009. The story here goes back to December 2007, when I first noted … Continue reading Arrangement shelters ABCP worth 27% of Canadian Bank equity base