[Peanut]

I thought a huge part of the American housing bubble was their ridiculous lending practices and all the sub-prime mortgages. Which has been stated again and again that Canadian banks have never been as aggressive on the lending front (not saying they're not agressive, just not as agressive as the U.S.) and the sub-prime market here is extremely small.

The market may be inflated in Canada but the conditions are not the same to the US in 2007/2008.

Also, I don't think people on VancouverPuck or TorontoPuck would be experiencing similar doomsday threads or feelings like we are in Calgary. We're very close to the oil price here and the lay offs and the downturn is right in our faces. If we're not employed directly by the industry, many of our friends are, and many Albertan businesses support the industry indirectly. The majority of Canadians aren't as affected (or, at least, they don't think they are affected).