Gina Burgio, Mortgage Agent

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What affects will Obama have on Canada?

It has been said in the past, that for Canada, being next to the United States, is like being in bed with an elephant. This statement was in specific reference to the close proximity between Canada and the United States... and the fact that the Canadian economy will most likely always eventually feel the impact of the effects felt by the US economy. Well the present economic crisis has become no exception to this analogy.

Now, with the election of a new President for the United States, and the shift from republican to democratic party policy in the Oval Office, how will this all come to affect not only the United States, but also Canada?

Well for starters, anything that boosts US consumer confidence is good for the US economy and in turn, good for the Canadian economy. Furthermore, anything that would help to shorten and mitigate the US recession, would be good for Canada.... and based on the out pour of people into the streets expressing cheers and joys following the election of Barack Obama as President-elect, many US consumers appear to be optimistic of what the future will hold with the new administration that will soon come into power.

That being all said, there is no quick fix for the current economic problems. However, it is nice to see a bit of optimism for a change.

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Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com
www.ginaburgio.com

Each VERICO Broker is an independent owner operator.

Gina Burgio's Facebook profile

Gina Burgio

Gina Burgio, Mortgage Agent
VERICO Designer Mortgages Inc.
Toll Free: 1-877-345-6265
Fax: 1-877-345-6256
Email: gina@ginaburgio.com

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Each VERICO Broker is an independent owner operator.

Comment balloon 3 commentsGina Burgio • November 05 2008 09:58PM

Comments

Well put... however, time will tell! 

I definitely enjoy your writings.  Keep up the good work.

Posted by Toronto For Sale By Owner (HomesByOwner of Toronto) almost 10 years ago

I guess the one pundit way back in 2000 got it all wrong.  Ross Perot wasn't elected in 2008 and therefore does not have to invade Canada to make a name for himself.

Posted by Matthew Rosov, Certified Mortgage Planning Specialist (Amerisave Mortgage Corporation) almost 10 years ago

    We invite you back to ActiveRain in 2018!

Much has changed since you last posted to ActiveRain.  I encourage you to take another look at the website.  

  Best to you!  

Posted by Fred Griffin, Licensed Florida Real Estate Broker (Fred Griffin Real Estate) 8 months ago

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