At the risk of creating yet another financial doom-and-gloom thread, do we have any big brains here who have a good idea of what effect the US financial meltdown is going to have on Canada? I’m hearing two very different stories - we are too tied to the US to be consequence-free and will therefore have serious economic problems to come, and that we are in a much better, stabler place economically and we don’t have nearly as much to worry about.
These are the things I’m wondering about -
How is Ontario going to fare?
How are oil-based-economy provinces going to fare?
How is this going to affect my mortgage?
How is this going to affect my RRSPs?
How is this going to affect Canada’s CPP fund?
Do we need to keep the economic problems in mind when voting on October 14th? Is one party likely to steer the country better through tough economic times than the others? Is that the most important issue of this election?
Anything else we should be aware of with regard to this serious issue?