Once in a while a post is so odious, so bereft of content that it must be replied to. Yours is such a post. Read, and learn.

The USA led financial crisis in 2008  infected the world's credit system with $trillions in worthless debt, much of it back-stopped by a byzantine quagmire of credit default swaps. Risk became un-quantifiable  and the world's credit markets froze solid in a few days. The Baltic dry index of shipping also collapsed and DOW futures fell to sub-depression levels. 

The world's finance ministers, including Canada's Jim Flaherty, convened at a G20 meeting  wherein all members agreed to a deficit-fueled injection of hundreds of $billions into the world's credit system, effectively insulating the world's banks, including ours, from collapse. It took years for the best G7 nations to balance their books  but Canada did so by end of 2015.  Trudeau will soon undo all that. 

There are two horrors in life, ignorance and want. Yours is ignorance