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Today: 17.01.2018 - 21:53:27
   Canada Mortgage Hub Discussion Board -> Mortgage Winnipeg -> What does iceland banks have to do with Canada?
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oijhgf

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What does iceland banks have to do with Canada?
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Calgary mortgage broker
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retro_king

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the world is connected
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pajohns

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wrtgy
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Canadian mortgage rates
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nicole000

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The Iceland banking system has a huge liquidity problem as I have recently seen President of Iceland commenting the country's banks over extended (over leveraged) lending. Canadian residents who were denied by Canadian banks went to banks in Iceland who were less careful in risk management to obtain loans and defaulted, thus bankruptcy of many banks in Iceland. So far, Canada has a good banking system, perhaps better than US banking system right at this time due to less exposure to subprime mortgage mess.
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