Lessons From Canada’s Basket Case Moment

Lessons From Canada’s Basket Case Moment

I think this is particularly interesting because Canadians all seem to believe their country is immune to the financial realities faced by other nations.  Also, timely because Germany just experienced a similar lack of bids on their November 23rd bond auction.

Excerpt from article:

Finance officials bit their nails and nervously watched the clock. There were 30 minutes left in a bond auction aimed at funding the deficit and there was not a single bid. Sounds like today’s Italy or Greece? No, this was Canada in 1994.

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