Big Canadian Banks Big Secret

Canada’s secret bank bailout revealed April 30, 2012, National Office OTTAWA—A study released today by the Canadian Centre for Policy Alternatives (CCPA) estimates the previously secret extent of extraordinary support required by Canada’s banks during the financial crisis. According to the study, by CCPA Senior Economist David Macdonald, support for Canadian banks reached $114 billion at its peak—that’s $3,400 for every man, woman, and child in Canada. - See more at: http://www.policyalternatives.ca/publications/reports/big-banks-big-secret#sthash.dvdGthC9.dpuf