# data[].attributes.body
This video talks about the future in the Canadian economic situation .With the Canadian dollar continuing to fall and the rates going up it could enter Canada into a recession. Surprises me that so many other countries benefit from the Canadian dollar dropping.

This article message stands out to me because once again i did not have any knowledge about the Canadian economics being as bad as they are. This video gives a few pointers to what the Canadian government can do to help this situation. Invest outside of Canada and bring the profit back to Canada

# data[].attributes.attachment_link.title
Inside The Markets: Expect a recession in 2019

# data[].attributes.attachment_link.description
The Inside The Markets panel aren't fully in agreement, but a few think that a recession is a distinct possibility in 2019. Not a deep recession, but negative economic headwinds that will push the Canadian economy into recession for a few quarters.

# data[].attributes.body
This video outlines the great demise of a
institute in the USA, Lehman Brothers investments folded. This marked a new low point for the market. soon after more banks start filing for bankruptcy. The Canadian banking system was sheltered a bit, but this sent the Canadian market down 20% putting Canada into a recession.

The things said in the video stand out to me because this was so unknown to me during time times it was happening. I am older now and getting to an age where im going to be purchasing a house soon. Watching this video let me know its a lot bigger of a choice than just finding the right home.

# data[].attributes.attachment_link.readable_text
Tiff Macklem processed many emotions on Sept. 15, 2008, the day Lehman Brothers Holdings Inc. ended and one of history's most severe financial crises began. One was relief.

Over the preceding six months, Macklem, who was the Finance official in charge of staying abreast of what was going on the world, had become consumed with dread.

In March, Bear Stearns, another famous Wall Street investment bank, had been rescued by the U.S. Federal Reserve. The official line in Washington was that the Bear situation was an isolated incident and the situation was under control. "Our financial institutions, our banks and investment banks are very strong," Henry Paulson, the U.S. treasury secretary, said at the time. "I'm convinced that they're going to come out this situation very strong."

They weren't convinced up in Ottawa.

Macklem, along with the late Jim Flaherty who was then his boss at Finance, and Bank of Canada Governor Mark Carney were preparing for the Big One. But that's not something the head of a major central bank, or one the highest ranking officials in the finance ministry of a Group of Seven country, could share with a lot of people.

They quietly encouraged Canada's banks to get ready for a storm. They started work on contingency plans. And they learned to endure high levels of anxiety. Reflecting, Macklem struggled to find the words to describe what that was like. He eventually gave up trying.

"In some ways, the most difficult parts of the crisis were in between Bear and Lehman because you have this ominous feeling that it was going to get worse before it was going to get better," Macklem told me in an interview on Sept. 12. "By this point, we had done the analysis," he added. "We knew how vulnerable the system was. We knew there were other banks that looked like Bear. It wasn't hard to imagine that it could get worse.

"Knowing it could get worse, but not knowing when or how or what it was going to look like? That was. That was. Yeah."

We knew how vulnerable the system was. We knew there were other banks that looked like Bear. It wasn't hard to imagine that it could get worse

There was a pained expression on Macklem's face as he dug up those memories. We were in his office at the University of Toronto's Rotman School of Business, where he has served as dean since 2014. Over my shoulder was a framed photograph of Macklem sitting next to Ben Bernanke, the former Fed chairman, at the meeting of G7 finance ministers and central bankers in Washington on Oct. 10, 2008 when the world's most powerful countries promised to do whatever it took to stop the collapse of the global financial system.

Despite the bad memories, Macklem thinks it is important to fight crisis fatigue. Those who lived through it have a responsibility to make sure the next generation of bankers, executives, investors and policy makers understand the "enormous knot in our stomachs through that whole period," he said.

There will be another recession, probably sooner than we think, given the current U.S. expansion is "The reality of this period of expansion is that interest rates have been very low for a very long time. Perhaps too long," Victor Dodig, the chief executive of Canadian Imperial Bank of Commerce, the second-longest on record. The Bank of Canada listed five big risks to its outlook in its latest quarterly forecast, and only one of them - stronger-than-expected U.S. growth - flicks at the possibility that things could turn out better than the country's most sophisticated economic models predict. said forebodingly in a speech on Sept. 11.

Macklem, who was in the running to replace Carney at the Bank of Canada, defended ultra-low interest rates as "necessary," but acknowledged that the extreme levels of corporate, government and household debt that have piled up around the world were an "unintended consequence." The central banks knew there would be some borrowing - that was the idea. Regulators in Canada and elsewhere have tried to dissuade borrowers from over-extending themselves, but it's hard to push back against the allure of once-in-a-lifetime lending rates. Macklem is stunned the U.S. cut taxes and increased spending when the economy already was doing well.

"It's time to be paying down debt, not running it up," he said.

That's about as specific as Macklem cares to get about what might cause the next crisis; economists are great at exposing vulnerabilities and terrible at predicting triggers, he said.

But what policy makers can do is prepare.

Canada had a "good crisis" because the banks were solvent, and because Macklem and others used those torturous months between Bear and Lehman to think clearly about what could go wrong and what could be done to mitigate the damage. Programs that appeared to come out of nowhere were actually weeks and months in the making. That required getting the right people in the right places and putting systems in place that allowed them to get past their cognitive biases.

"We have a tendency to see the world the way we would like it to be rather than the way it is," Macklem said. "We can be slow to recognize the problems are deeper than perhaps we initially thought. What does that mean? It means we have to find ways for ourselves to imagine what could go wrong and we have to force ourselves to think, 'If this breaks, what would we do?'"

It's difficult to know if those conversations are being had in Ottawa. There are high-level committees that keep an eye on the financial system, but they don't announce when they meet or reveal what they talk about.

Most of the men and women who fought the crisis in leadership positions for Canada have moved on. Hopefully those who are left haven't forgotten the lessons of the Lehman collapse. We could need them to rise to the occasion again at any moment. There will be no excuses for not being ready.
* Email: kcarmichael@nationalpost.com | Twitter: carmichaelkevin

# data[].attributes.attachment_link.title
Canada dodged the worst of the Financial Crisis, and it wasn't just dumb luck

# data[].attributes.attachment_link.description
Tiff Macklem processed many emotions on Sept. 15, 2008, the day Lehman Brothers Holdings Inc. ended and one of history's most severe financial crises began. One was relief. Over the preceding six months, Macklem, who was the Finance official in charge of staying abreast of what was going on the world, had become consumed with dread.

# data[].attributes.body
The Photo i chose may be unconventional, but relates to Canada and every other country in the world. It portrays a frenzy of people outside the bank. Looking at this picture you realize the reason you want to avoid a financial crisis

# data[].attributes.attachment_link.title
2015: A Pivotal Year for Economic and Financial Crises and Wars?

# data[].attributes.attachment_link.description
What the world desperately needs now is a law-governed international environment, not a jingoistic and chauvinistic world empire that looks only after its narrow self-interests.

# data[].attributes.body
This article is about Canada's debt, little did i know Canada had the 4th highest debt risk of debt crisis. This article explains how Canadians are working towards bettering this, but we still have a fair bit to go. Talks about increasing interest rates and changing the mortgage rules, with this. This effects me and my generation very much. i enjoyed reading this because it lets me know i still have a long way to go in my financial goals.

This article would seem to be discouraging to a lot of people, but this reading this article taught me a lot in a short period of time. Canada does have a long way to go to get out of this hole, considering were 4th and the top three countries are a lot bigger in size. This article lets me know the real world of finances is a scary place.

# data[].attributes.attachment_link.readable_text
The risk of Canada falling into financial crisis eased somewhat in the second quarter of this year - but we're not out of the woods just yet.

According to new data from the Bank for International Settlements - a sort of "central bank of central banks" - Canada has the fourth-highest risk of a debt crisis in the world, behind Hong Kong, China and Singapore.

The level of all Canadian private debt outside the financial sector is 9.4 per cent higher than its long-run average, indicating, simply, too much debt in the economy. Any number above 10 is a "red flag" for a debt crisis, the BIS says, meaning Canada just barely avoided the designation this time around.

We can at least be thankful we aren't in the same boat as Hong Kong, which is seeing its risk of a financial crisis soar as authorities grapple with what appears to be a massive property bubble.

For Canada, it's an improvement over last quarter's showing, when the country ranked as the third-likeliest to see a financial crisis. Canada's credit-to-GDP gap has been shrinking since the third quarter of 2016.

The Bank of Canada, in its financial system review last week, offered some explanation as to why things are improving: Essentially, a stronger economy is making Canadians' debt easier to handle, while higher interest rates and tougher mortgage rules are expected to ease debt growth.

"The most important vulnerabilities for the financial system remain the high level of household indebtedness and imbalances in housing markets," BoC governor Stephen Poloz said last week.

"These vulnerabilities continue to be elevated and it will take a long time for them to return to more sustainable levels. A stronger economy and sound policies are working in the same direction to help bring about a gradual easing of these vulnerabilities, and this trend should continue."

But Poloz admitted it's unknown exactly how consumers will react to these tougher new borrowing conditions. Some critics have suggested the new mortgage rules will push some borrowers into the less-regulated private lending market or to credit unions, which are not governed by the new mortgage rules.

The key measure to come into effect in January will be a requirement that borrowers of traditional mortgages (20 per cent or more down) pass a "stress test" at a rate some two percentage points higher than the offered rate. The Bank of Canada predicted last week that one in 10 mortgage borrowers will be disqualified under the new rules.

"We will be watching this closely when the guidelines come into effect next year," Poloz said last week.
Also on HuffPost:

# data[].attributes.attachment_link.title
Canada Has World's 4th-Highest Risk Of Debt Crisis: Report

# data[].attributes.attachment_link.description
The risk of Canada falling into financial crisis eased somewhat in the second quarter of this year - but we're not out of the woods just yet. According to new data from the Bank for International Settlements - a sort of "central bank of central banks" - Canada has the fourth-highest risk of a debt crisis in the world, behind Hong Kong, China and Singapore.

# data[].attributes.body
This Websites article is about the Canadian bank economy in 2008-2010.  The Canadian banking system in 08'-10' was highly touted by the federal government and also the people of Canada. During this time countries all over the world faced financial difficulties, but Canada was insured their banks needed no bail outs. Turns out Canadian banks took 114 billion in from the U.S and Canadian government. I was wrong when this happened , but never would have known Canadian banks needed to be bailed out.

This article lets me know that even though things seem fine and dandy behind the closed curtain its a lot worst. This article gave me great insight i honestly thought the U.S banking system was the only ones that faced financial difficulties in that time.

# data[].attributes.attachment_link.title
Study reveals secret Canadian bank bailout

# data[].attributes.attachment_link.description
Throughout the 2008-2010 financial crisis, Canadian banks were touted by the federal government-and the banks themselves-as being much more stable than other countries' big banks. Canadians we assured

# data[].attributes.body
The next video outlines Canada's debt and just how bad it is. They throw a lot of different stats and stuff out there that honestly I had a difficult time fully understanding but this video outlines some major points involved in the debt we as a country has. The number that stands out for me is since Trudeau took over Canada's debt has risen by 73 billion. I am not looking to point the finger especially on a topic I don't know too much about, but that is a very large and concerning number.

What stands out for me is the amount of debt Canada has. The video does put numbers out there that breaks down the debt in a better light. This video tries to put the numbers in perspective and shows that the 73 billion isn't as scary as it sounds. Moving forward Canada needs to limit their debt and this video shows why and how that can happen.

# data[].attributes.attachment_link.title
Canada's debt crisis: Is the federal debt as bad as it appears?

# data[].attributes.body
The first video I chose is about the Canadian Housing Market and how it raises concerns moving forward. The housing market is down by a large amount and if it keeps up this way it could cause major issues moving forward. Moving forward looking for a house and a place to live is a concern. If the market stays this poor there could be major issues moving forward for Canada. The video outlines the problems we have and what it could mean for us.

This video stands out to me because of the potential issues it brings. As a young individual who wants to eventually own his own house the numbers are a little concerning. Canada needs to see the issues that are approaching and hopefully find a way to sort this out before its too late.

# data[].attributes.attachment_link.title
Canadian Housing Market Raises Concerns Of A New Global Financial Crisis 2019

# data[].attributes.body
The photo I chose for this shows the risks of each country falling into a financial crisis. Canada at the 2nd highest risk on the chart is concerning, but hopefully we can avoid the situation moving forward

# data[].attributes.attachment_link.title
understanding financial crises canada - Google Search

# data[].attributes.body
This article is about how Canada was able to dodge the worst of the financial crisis and it gives credit to those who made it possible. This article outlines the steps and procedures the Canadian government had taken to avoid a financial problem. The reason I enjoyed this article is because it gives credit where credit is due. A lot of articles point fingers and shine a negative light on those involved but this article shines the light in a positive sense on certain people involved.

This article gives me a little relief moving forward in Canada. Canada did a good job at seeing the potential threats coming our way and Canada made it work. I do not follow along with the Canadian market much, and I really don't spend much time looking at the financial status of Canada, but seeing stories like this make me feel a bit better moving forward with big financial decisions in my near future.

# data[].attributes.attachment_link.readable_text
Tiff Macklem processed many emotions on Sept. 15, 2008, the day Lehman Brothers Holdings Inc. ended and one of history's most severe financial crises began. One was relief.

Over the preceding six months, Macklem, who was the Finance official in charge of staying abreast of what was going on the world, had become consumed with dread.

In March, Bear Stearns, another famous Wall Street investment bank, had been rescued by the U.S. Federal Reserve. The official line in Washington was that the Bear situation was an isolated incident and the situation was under control. "Our financial institutions, our banks and investment banks are very strong," Henry Paulson, the U.S. treasury secretary, said at the time. "I'm convinced that they're going to come out this situation very strong."

They weren't convinced up in Ottawa.

Macklem, along with the late Jim Flaherty who was then his boss at Finance, and Bank of Canada Governor Mark Carney were preparing for the Big One. But that's not something the head of a major central bank, or one the highest ranking officials in the finance ministry of a Group of Seven country, could share with a lot of people.

They quietly encouraged Canada's banks to get ready for a storm. They started work on contingency plans. And they learned to endure high levels of anxiety. Reflecting, Macklem struggled to find the words to describe what that was like. He eventually gave up trying.

"In some ways, the most difficult parts of the crisis were in between Bear and Lehman because you have this ominous feeling that it was going to get worse before it was going to get better," Macklem told me in an interview on Sept. 12. "By this point, we had done the analysis," he added. "We knew how vulnerable the system was. We knew there were other banks that looked like Bear. It wasn't hard to imagine that it could get worse.

"Knowing it could get worse, but not knowing when or how or what it was going to look like? That was. That was. Yeah."

We knew how vulnerable the system was. We knew there were other banks that looked like Bear. It wasn't hard to imagine that it could get worse

There was a pained expression on Macklem's face as he dug up those memories. We were in his office at the University of Toronto's Rotman School of Business, where he has served as dean since 2014. Over my shoulder was a framed photograph of Macklem sitting next to Ben Bernanke, the former Fed chairman, at the meeting of G7 finance ministers and central bankers in Washington on Oct. 10, 2008 when the world's most powerful countries promised to do whatever it took to stop the collapse of the global financial system.

Despite the bad memories, Macklem thinks it is important to fight crisis fatigue. Those who lived through it have a responsibility to make sure the next generation of bankers, executives, investors and policy makers understand the "enormous knot in our stomachs through that whole period," he said.

There will be another recession, probably sooner than we think, given the current U.S. expansion is "The reality of this period of expansion is that interest rates have been very low for a very long time. Perhaps too long," Victor Dodig, the chief executive of Canadian Imperial Bank of Commerce, the second-longest on record. The Bank of Canada listed five big risks to its outlook in its latest quarterly forecast, and only one of them - stronger-than-expected U.S. growth - flicks at the possibility that things could turn out better than the country's most sophisticated economic models predict. said forebodingly in a speech on Sept. 11.

Macklem, who was in the running to replace Carney at the Bank of Canada, defended ultra-low interest rates as "necessary," but acknowledged that the extreme levels of corporate, government and household debt that have piled up around the world were an "unintended consequence." The central banks knew there would be some borrowing - that was the idea. Regulators in Canada and elsewhere have tried to dissuade borrowers from over-extending themselves, but it's hard to push back against the allure of once-in-a-lifetime lending rates. Macklem is stunned the U.S. cut taxes and increased spending when the economy already was doing well.

"It's time to be paying down debt, not running it up," he said.

That's about as specific as Macklem cares to get about what might cause the next crisis; economists are great at exposing vulnerabilities and terrible at predicting triggers, he said.

But what policy makers can do is prepare.

Canada had a "good crisis" because the banks were solvent, and because Macklem and others used those torturous months between Bear and Lehman to think clearly about what could go wrong and what could be done to mitigate the damage. Programs that appeared to come out of nowhere were actually weeks and months in the making. That required getting the right people in the right places and putting systems in place that allowed them to get past their cognitive biases.

"We have a tendency to see the world the way we would like it to be rather than the way it is," Macklem said. "We can be slow to recognize the problems are deeper than perhaps we initially thought. What does that mean? It means we have to find ways for ourselves to imagine what could go wrong and we have to force ourselves to think, 'If this breaks, what would we do?'"

It's difficult to know if those conversations are being had in Ottawa. There are high-level committees that keep an eye on the financial system, but they don't announce when they meet or reveal what they talk about.

Most of the men and women who fought the crisis in leadership positions for Canada have moved on. Hopefully those who are left haven't forgotten the lessons of the Lehman collapse. We could need them to rise to the occasion again at any moment. There will be no excuses for not being ready.
* Email: kcarmichael@nationalpost.com | Twitter: carmichaelkevin

# data[].attributes.attachment_link.title
Canada dodged the worst of the Financial Crisis, and it wasn't just dumb luck

# data[].attributes.attachment_link.description
Tiff Macklem processed many emotions on Sept. 15, 2008, the day Lehman Brothers Holdings Inc. ended and one of history's most severe financial crises began. One was relief. Over the preceding six months, Macklem, who was the Finance official in charge of staying abreast of what was going on the world, had become consumed with dread.

# data[].attributes.body
The website I have chosen for my first post is an article about the 2008 financial crisis that struck North America along with other countries. It is an article about trying to figure out how no body saw this coming, and what we can do to make sure we don't have it happen again. I personally don't know much about the situation so this article was good for me. This article shows how unpredictable our economy is, and raises questions about the future.

The biggest take away for me reading this is the fact that 2008 was the worst financial crisis since World War II. I was 16 years old in 2008 and I have no real recollection of how difficult the times were. Moving forward we need to be ready for things to change, and we should not be as comfortable as we are. Things change quick and it can happen again if we aren't prepared.

# data[].attributes.attachment_link.readable_text
At the turn of this century, most economists in the developed world believed that major economic disasters were a thing of the past, or at least relegated to volatile emerging markets. Financial systems in rich countries, the thinking went, were too sophisticated to simply collapse. Markets were capable of regulating themselves. Policymakers had tamed the business cycle. Recessions would remain short, shallow, and rare.

Seven years later, house prices across the United States fell sharply, undercutting the value of complicated financial instruments that used real estate as collateral-and setting off a chain of consequences that brought on the most catastrophic global economic collapse since the Great Depression. Over the course of 2008, banks, mortgage lenders, and insurers failed. Lending dried up. The contagion spread farther and faster than almost anyone expected. By 2009, economies making up three-quarters of global GDP were shrinking. A decade on, most of these economies have recovered, but the process has been slow and painful, and much of the damage has proved lasting.

"Why did nobody notice it?" Queen Elizabeth II asked of the crisis in November 2008, posing a question that economists were just starting to grapple with. Ten years later, the world has learned a lot, but that remains a good question. The crash was a reminder of how much more damage financial crises do than ordinary recessions and how much longer it takes to recover from them. But the world has also learned that how quickly and decisively governments react can make a crucial difference. After 2008, as they scrambled to stop the collapse and limit the damage, politicians and policymakers slowly relearned this and other lessons of past crises that they never should have forgotten. That historical myopia meant they hesitated to accept the scale of the problem and use the tools they had to fight it. That remains the central warning of 2008: countries should never grow complacent about the risk of financial disaster. The next crisis will come, and the more the world forgets the

# data[].attributes.attachment_link.description
The financial crisis of 2008 was a warning that countries should never grow complacent about the risk of financial disaster. The next crisis will come, and the more the world forgets the lessons of the last one, the greater the damage will be.