The "conservatism" is of the banks, not the country. The Canadian government is quite leveraged. But as leveraged as Canada is, Canada is well below the averag

The "conservatism" is of the banks, not the country. The Canadian government is quite leveraged. But as leveraged as Canada is, Canada is well below the average for debt-to-GDP ratio of the G7 (admittedly skewed by Japan's monster debt, but still well below US debt). https://www.visualcapitalist.com/government-debt-by-country-advanced-economies/ https://www.visualcapitalist.com/government-debt-by-country-...