#1: 作者: ramon, 时间: 2008-9-24 17:00

www.ctv.ca/servlet/Art...20080924?h

U.S.-style meltdown won't happen here: Harper
Updated Wed.

Sep. 24 2008 6:39 PM ET

CTV.ca News Staff

Conservative Leader Stephen Harper is dismissing dire predictions of a U.S. style financial meltdown here in Canada.


In response to the Merrill Lynch report that suggests the housing market here is just as stressed as its U.S. counterpart, Harper said Canada's economy is still one of the most robust among industrialized, Western nations.


Despite a slowing Canadian economy, Harper said a collapse like the one occurring in the U.S. simply won't happen.


"We are taking steps to show Canadians and show international investors that this is a strong place to do business, and a well-run country with strong balance sheets of governments, households and financial institutions,' Harper said.


Earlier this week, Finance Minister Jim Flaherty told CTV's Question Period that Canadians can "rest assured our banks are solid."


He said the banking crisis in the U.S. is a concern for the global economy, but Canada has taken steps to make protect its financial sector.


Dire report


Economists at Merrill Lynch -- one of the world's most respected financial firms -- said in the report that Canadian households have "been running a larger financial deficit than households in either the U.S. or the U.K."


"After forty years of net saving, Canadian households moved into sustained deficit in 2002," David Wolf and Carolyn Kwan wrote in a report issued by Merrill Lynch's Canadian division.


The firm's data implies that the Canadian household sector is now overextending itself "as much as the U.S. or U.K. ever did."


Canadians' household net borrowing was 6.3 per cent of disposable income in 2007. That's more debt than households in Britain and close to the peak of the U.S. shortfall, just before the subprime mortgage crisis erupted in 2005.


The Merrill Lynch report says the market view that Canada's housing and credit markets are not going to "crack" like they have in the U.S. may be wrong.


"We fear, however, that it may simply be a matter of time. The clear 'tipping point' in the U.S. was the emergence of falling house prices in the summer of 2006, kicking off the vicious circles that have brought the financial system and the wider economy to the brink," the report said.


"We're just now starting to see house prices fall in Canada, and sharp rises in unsold home inventories increasingly imply that this will not be a transitory phenomenon."


Economist Don Drummond of TD Bank told CTV's Mike Duffy Live on Wednesday that Canada isn't destined to follow the U.S. into a housing meltdown.


"There are just so many things that are different. First of all we have hardly any sub-prime mortgages in Canada," he said. "By law, if you don't have a large down payment on a home in Canada, then half that mortgage has to be insured, so we don't have the financial underpinnings."


Drummond says he expects to see housing prices across the country "flatten out" over a period of time.


"We will see some housing price declines, concentrated in the west," said Drummond. "These aren't going to be the 50% price rollbacks on houses that we've experienced in Calgary and Florida we just did not have the ... lack of discipline in the mortgage that got them into that problem."

#2: 作者: laputa, 时间: 2008-9-24 17:14

ramon 写道:

www.ctv.ca/servlet/Art...20080924?h U.S.-style meltdown won't happen here: Harper Updated Wed. Sep. 24 2008 6:39 PM ET CTV.ca News Staff Conservative Leader Stephen Harper is dismissing dire predictions of a U.S. style financial meltdown here in Canada. In response to the Merrill Lynch report that suggests the housing market here is just as stressed as its U.S. counterpart, Harper said Canada's economy is still one of the most robust among industrialized, Western nations. Despite a slowing Canadian economy, Harper said a collapse like the one occurring in the U.S. simply won't happen. "We are taking steps to show Canadians and show international investors that this is a strong place to do business, and a well-run country with strong balance sheets of governments, households and financial institutions,' Harper said. Earlier this week, Finance Minister Jim Flaherty told CTV's Question Period that Canadians can "rest assured our banks are solid." He said the banking crisis in the U.S. is a concern for the global economy, but Canada has taken steps to make protect its financial sector. Dire report Economists at Merrill Lynch -- one of the world's most respected financial firms -- said in the report that Canadian households have "been running a larger financial deficit than households in either the U.S. or the U.K." "After forty years of net saving, Canadian households moved into sustained deficit in 2002," David Wolf and Carolyn Kwan wrote in a report issued by Merrill Lynch's Canadian division. The firm's data implies that the Canadian household sector is now overextending itself "as much as the U.S. or U.K. ever did." Canadians' household net borrowing was 6.3 per cent of disposable income in 2007. That's more debt than households in Britain and close to the peak of the U.S. shortfall, just before the subprime mortgage crisis erupted in 2005. The Merrill Lynch report says the market view that Canada's housing and credit markets are not going to "crack" like they have in the U.S. may be wrong. "We fear, however, that it may simply be a matter of time. The clear 'tipping point' in the U.S. was the emergence of falling house prices in the summer of 2006, kicking off the vicious circles that have brought the financial system and the wider economy to the brink," the report said. "We're just now starting to see house prices fall in Canada, and sharp rises in unsold home inventories increasingly imply that this will not be a transitory phenomenon." Economist Don Drummond of TD Bank told CTV's Mike Duffy Live on Wednesday that Canada isn't destined to follow the U.S. into a housing meltdown. "There are just so many things that are different. First of all we have hardly any sub-prime mortgages in Canada," he said. "By law, if you don't have a large down payment on a home in Canada, then half that mortgage has to be insured, so we don't have the financial underpinnings." Drummond says he expects to see housing prices across the country "flatten out" over a period of time. "We will see some housing price declines, concentrated in the west," said Drummond. "These aren't going to be the 50% price rollbacks on houses that we've experienced in Calgary and Florida we just did not have the ... lack of discipline in the mortgage that got them into that problem."

和中介说房子不会降价一个道理，lol

#3: 作者: 法_语, 时间: 2008-9-24 17:19

老哈急了！保守党又一次食言，急着提前大选，就是怕加拿大经济会步美国的后尘。

#4: 作者: GuanZhongDaXia, 时间: 2008-9-24 17:45

"We will see some housing price declines, concentrated in the west," said Drummond. "These aren't going to be the 50% price rollbacks on houses that we've experienced in Calgary and Florida we just did not have the ... lack of discipline in the mortgage that got them into that problem."

领导人说话就是有水平。“some housing price declines”这个some是多少呢？反正从1%到100%都是some。

“These aren't going to be the 50% price rollbacks”，从1%
到49%他都会是对的。

#5: 作者: iamking, 时间: 2008-9-24 20:46

支持哈泊，这次选举我就投票给保守党了。

#6: 作者: tandt, 时间: 2008-9-24 21:14

iamking 写道:

支持哈泊，这次选举我就投票给保守党了。

你不支持哈，支持啥？

#7: 作者: ramon, 时间: 2008-9-24 21:27

至少他对加拿大的经济有信心！并且他承诺当选后，会给第一次买房者减免税收。

保守党并不是急着提前大选，明年10月还要再大选一次，已经确定。本次保守党是想建立多数政府而已。

tandt 写道:

iamking 写道: 支持哈泊，这次选举我就投票给保守党了。 你不支持哈，支持啥？

#8: 作者: GuanZhongDaXia, 时间: 2008-9-24 21:59

ramon 写道:

至少他对加拿大的经济有信心！并且他承诺当选后，会给第一次买房者减免税收。 保守党并不是急着提前大选，明年10月还要再大选一次，已经确定。本次保守党是想建立多数政府而已。

保守党就是急着提前大选，为什么啊？你要是否认这一基本事实，那就没得说了。如果保守党真的非常有信心加拿大经济到明年10月还很好，在全球经济衰退的形势下，那真是功德无量，非常容易获得选民支持，组成多数政府啊，这个时候着什么急啊？

你怎么知道他对加拿大的经济是真有信心，还是试图掩盖真相呢？那些金融风暴里破产的投资银行CEO们，也都曾经信誓旦旦地说一切运行良好。

#9: 作者: 新好男人, 时间: 2008-9-24 23:46

废话!

在竞选时, 作为执政党的他, 当然他要驳斥美林银行报告, 称加国经济依然是西方国家最强劲的. 他不反驳就奇怪了.

#10: 作者: ramon, 时间: 2008-9-25 10:56

保守党根本不是担心经济急着大选，反正明年１０月还要再选一次，他能保证明年他能当选？？？

如果加拿大经济衰退，他明年肯定下台。

目前大选，是为了建立多数党政府，否则作为少数党，通过什么法案都很困难。

如果现在保守党建立了多数党，可以任意通过法案，然后加拿大经济没有起色，明年１０月大选，还是要下台。