Recent swings in Canadian house prices have raised concerns that a US-style housing bust looms on the horizon. A comparison of housing market policies in Canada versus the US, however, suggests that there is little likelihood of a US-style surge in foreclosures or a collapse of house prices in Canada. Many of the concerns about the Canadian housing market are motivated by recent US experiences.

Financial market participants would benefit from a better understanding of how the Bank of Canada sets the overnight interest rate in response to economic developments, proclaims the C.D. Howe Institute. The study suggests that more accurate forecasts of the Bank’s future policy choices would lead to better financial decisions and better price and wage-setting decisions. Read more

THOUGH he's only held his office for 10 months, United States ambassador David Jacobson can already name a lot of things he admires about Canada. For instance, there's our firmly regulated banks, which did not require a nearly trillion-dollar bailout in 2009. Then there's our housing market, which didn't collapse last year. Both of those features are now a model of success in a tumultuous global economy, Jacobson told the Free Press. http://www.winnipegfreepress.com/local/us-envoy-plays-up-canadas-role-in-economic-recovery-98905069.html

The White House Office of the Press Secretary For Immediate Release June 27, 2010 Remarks by President Obama at G-20 Press Conference in Toronto, Canada Intercontinental Hotel, Toronto, Canada 6:03 P.M.

Prime Minister of Canada June 27, 2010

Discurso - Gobierno Federal Presidencia de la República

The Toronto Star

From financial reform to climate change to maternal health, this weekend's G8 and G20 summits will cover a seemingly disparate agenda of current issues that are affecting countries around the world. Tying them together is the need for a stable global economy and potentially preventing any concrete achievements are countries' individual agendas. Coming to the table with somewhat different objectives, having faired differently over the past two years, are the host country Canada and their southern neighbour, the US.

Grant Robertson, The Globe and Mail

Published June 5, 2010