the problem is the banking industry , in canada it,s goverment regulated , the sud prime lending on holmes would not fly here . that is why the recession wont be as bad as it is in the us .our banks are in good shape here , no bailouts required ,you can go in and borrow . international trade is escencial it is the cornerstone of our free market economy ,to go back to a closed economy would push you back into a recession of the 1930s ,in canada we use a lot of us made goods ,drill pipe for oil drilling , steel sheeting from utha ,the list goe,s on and on ,you don,t want a goverment to step in and close that door ,it will only make things worst .in canada we look at it the same way , but you can,t stop trade ,look at walmart , more than half of what you buy is from china ,most of your clothes ,3rd world , ,the best is export more ,free trade ,develope more markets .it,s the only way out of a recession and into a decent economy .
