Although we all know that U.S. is the most powerful country world wide, it’s shocking news that this country is undergoing financial problems. Don’t think the U.S. is the only country that is feeling the economic pinch and needing payday loans. Our northern neighboring country is also in a tailspin over the recession. It’s clear that the Asian and European financial system is faltering, but we often forget how strong the ties are between America and the great nation of Canada. Banking institutions worldwide are feeling the ill effect. It has been a difficult time in the Canadian government, apprehensive on how to handle the problems caused by the economic crisis. The situation is not getting any better any time soon. Members of Parliament were determined not to work with the Conservative Prime Minister. It seems to be they are heading for a vote of No Confidence, effectively a removal of the Prime Minister. The Prime Minister, in response, has asked the Governor General (the head of Parliament) to adjourn the parliament to allow him more time to concoct an effective plan to deal with the crisis. Hopefully this chaos will be unruffled and resolved as soon as possible. So remember. Although many of us are trying to endure these hard times and may need payday loans, we are not alone.

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