Canada in a Good Place? {March 2009}
In March 2009, amid the global financial crisis, Canada was praised by the Bank of Canada, the IMF, and Prime Minister Stephen Harper for being in a strong position to recover faster than other economies. While optimism was widespread, the article reminds readers to maintain financial skepticism and prepare for uncertainties. It also delves into bank service fees, questioning why certain banking activities—like using a Line of Credit—are free while traditional chequing accounts incur charges. A reflection on financial policies and consumer banking in Canada during economic turbulence.
Keywords: Canada, Bank of Canada, financial crisis, recession, economic recovery, banking fees, financial planning
