Krugman warns Canada not immune - The Globe and Mail - 0 views
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Canada's shining bank regulatory system cannot be counted on to shield the country from an impending economic buffeting
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anadians spend too much relative to their household incomes and the country's housing bubble has yet to burst.
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“Canada is by no means insulated,” he said. “Canadians borrow an awful lot. Savings rates have been very low. Household debt relative to income is very high here.”
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