October 20, 2021
Economy

Kelly McParland: Canada has an Evergrande economy

After borrowing billions more than it could afford, the Chinese real estate giant is in deep trouble. Like it, Canada also seems immune to the virus of financial reality

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The idea behind China’s Evergrande real estate empire was that no amount of borrowing was too great, as long as you poured it into investments that produced a return sufficient to cover the borrowing costs.

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Evergrande…

Read full article here: nationalpost.com