On the morning of the 26 June, the G8 delegations waved goodbye to Muskoka and were warmly received by Toronto where we were first introduced to the additional G20 countries’ youth delegates.

Hosted by the TD Bank, a perfect example of Canada’s successful and sometimes called “boring” banking sector. Due to strong regulation and an informed refusal to engage in the trading of sub prime securities, the banking sector shielded Canada from the worst effects of the Global Financial Crisis.

George Osborne has openly admitted that he looks up to Canada’s model of financial governance and budget deficit reduction strategies from the 1990s.

So in rather plush settings, we were able to meet and share ideas with the additional delegations of Brazil, Mexico, Argentina, South Africa, Saudi Arabia, India, China, Indonesia, South Korea, Turkey and Australia.

After a feast of tasty food, Ed Clark gave the delegates a talk about the causes, impacts and solutions to the global financial crisis.

This was matched by some touch economic questions from the floor on such issues as the currently proposed international banking tax, the balance between CSR and the goal of profits and the impact of cyber-security on the banking sector.

The lunch provided the first chance to discuss and contribute ideas on what the youth expect and demand of international economic policy.

James Mummery

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