How and why did the Canadian and U.S. housing finance markets react differently to the international financial crises of 2007-2009?

Canada's experience demonstrates that government-subsidized housing finance is not necessary to promote home ownership.

Comparing the American housing finance system to other countries makes clear that one thing remarkable and indeed unique in the world about American housing finance was the dominant and disproportionate role played by government-sponsored enterprises

It's the first rule of Canadian economics: when the U.S. catches cold, Canada gets pneumonia. What if the rule no longer applies?

The position of the Conservative Party in Canadahas suddenly become much more precarious.

If U.S. companies stated their accounts abroadusing International Financial Reporting Standards, they would incur significant additional costs to issue their securities in Europe.

If the United States and the United Nations are serious about nonproliferation, they must challenge Venezuela and Iran to come clean about their nuclear pursuits and, if necessary, take steps to hold both regimes accountable.

Canada's government-financing operation looks superior to the one in the United States in candor, as well as credit performance, as it achieves equivalent home ownership levels.