candooman

Why Is Canadian Housing and Banking Stronger than the U.S.?

I lived in Canada in the 60's. No surprise they have much less foreclosure problems.

The differences I found then were (I do not know if this is still true today):

1) Universities throughout Canada were almost equal in quality. I worked with graduates from differnt universities and the quality were the same -- all good. I did not encounter a single engineer from a diploma mill like here in the US.

2) People were considerate and polite regardless of whether they finished high school only or college. I attribute this to the quality of home training and good elementary and high schools. Boistrous behavior did not exist among Canadians. The few times I witnessed it usually was of an American who came over to Canada for a short visit. [Americans and other foreigners who lived there long enough changed their ways soon enough....I did, as well as all my other friends.]

Just these two differences alone explains much of the differences between how business behave in the US and Canada. One of the first engineering assignments I was given was to eliminate the polution and waste being generated by the plant I worked at. This was long before the EPA was formed in the US. This is just one example of good corporate behavior practiced there.