Re:Chinese Yuan’s Ascent to Global Reserve Status: A Timeline
by kogepathic on Saturday October 01, 2016 @10:09AM
(#12617908)
> I wonder why they don't try to create more inventory.
They can't exactly conjure up more undeveloped land in the middle of Vancouver, Toronto, or Montreal.
> AFAIK Canada has a lot of land
Yeah, where almost no one wants to live. 90% of the Canadian population lives within 100km of the US-Canada border.
If you ask people abroad about major Canadian cities, everyone knows of Vancouver and Toronto. Some people also mention Montreal and Ottawa, but after that very few people can name other cities (e.g. Calgary, Quebec City, Winnipeg)
> and a housing boom
Many people are now warning that Canada has a housing bubble. Given the country's history of policies, I wouldn't trust them to handle it well. The mortgage and banking industry are not as powerful as they are in America, but they have influence.
I grew up in Canada but am currently living abroad, so I get to talk to a lot of foreigners on their opinion/knowledge of Canada.
They can't exactly conjure up more undeveloped land in the middle of Vancouver, Toronto, or Montreal.
> AFAIK Canada has a lot of land
Yeah, where almost no one wants to live. 90% of the Canadian population lives within 100km of the US-Canada border.
If you ask people abroad about major Canadian cities, everyone knows of Vancouver and Toronto. Some people also mention Montreal and Ottawa, but after that very few people can name other cities (e.g. Calgary, Quebec City, Winnipeg)
> and a housing boom
Many people are now warning that Canada has a housing bubble. Given the country's history of policies, I wouldn't trust them to handle it well. The mortgage and banking industry are not as powerful as they are in America, but they have influence.
I grew up in Canada but am currently living abroad, so I get to talk to a lot of foreigners on their opinion/knowledge of Canada.