What a Greek Euro Exit Could Mean for Canada
A tumultuous Greek exit from the eurozone would have a harder impact on Canada’s economy than the credit crisis recession of 2008 and 2009, a report from a major Canadian bank warns.
The prospect of debt-saddled Greece defaulting on its loans, and exiting the euro currency union at some point has moved from a remote possibility to a realistic outcome in recent weeks, as a seemingly endless series of summits has thus far failed to solve the crisis once and for all.
The Toronto-Dominion Bank put out a report this week outlining what the impact of such an event might be on Canada’s economy. Read More…