14 Still, debt loads and arrears in Canada today are not nearly as high as they were for U.S. households at the start of the financial crisis.
It would be a great tragedy were that process stopped or reversed. The arguments against the global trading system that emerged first in Seattle and then spread over the past year and a half arguably touched a chord in many people partly, in the judgment of many analysts, by raising the fear that they would lose local political control of their destinies.