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  5. GSY: I read one of the questions pertaining to GoEasy which talked about them being resilient during the 2008 financial crisis. [goeasy Ltd.]

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Q: I read one of the questions pertaining to GoEasy which talked about them being resilient during the 2008 financial crisis. In 2008, were companies such as GoEasy really impacted here in Canada ,as the banking regulations are different in Canada and the crisis was much more prevalent in the US. But this time around, if the tariff's kick in and a recession hits Canada, do you believe that GoEasy will still be able to weather the storm in a similar fashion, as I feel that there has been a very huge selloff of GoEasy in recent months. Do you think it may be overdone?
Asked by Walter on February 04, 2025
5i Research Answer:
While our banking system was certainly stronger at the time than the US, make no mistake there...
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