Re:Reasons the banking crisis isn’t a repeat of 2008
by nonethewiser on Saturday March 25, 2023 @09:26AM
(#35302418)
Well tech and banking are clearly eclipsed by the US. And much of Canada has no transportation infrastructure. Are you sure you’re not comparing select Canadian cities to select American cities?
Re:Reasons the banking crisis isn’t a repeat of 2008
by sandworm101 on Saturday March 25, 2023 @10:57AM
(#35303247)
Nope. Canadian populations live closer to their transport infrastructure than American populations. Canadian people actually live closer together than Americans, mostly in relatively tight cities. The big empty parts of the US are in reality inhabited by thousands of small towns. Drive any highway in the US and there is a town every dozen miles. The big empty parts of Canada are actually empty. Highways can go for hundreds of miles in some areas between towns. This is largely a result of historic land laws, crown ownership and mining in Canada v. frontier land grabs and farming in the US.
Except canada. The coasts. The transportation system, the tech industry... and canada has a far better-regulated banking sector, one that surfed past 2008 almost without incident. And for every natural resource, from water to uranium, Canada has more than it will ever need. I would far rather ride out the comming climate/economic crisis in calgary/vancouver than LA/SF.