Canada avoided bust with strict banking code

CANADA managed to escape the worse effects of the international recession due to tight bank regulation over the last decade and heavy investment in the public sector since 2008, an international economics conference in Croke Park will hear today.

Executive director of the Canadian Centre for Policy Alternatives, Bruce Campbell, will be among those addressing the two-day Towards Recovery conference hosted by TASC and the Foundation for European Progressive Studies (FEPS).

Speaking to the Irish Examiner, Mr Campbell said the Canadian banking system had resisted enormous pressure from the business community over the last 15 years to adopt a light regulation approach.