Guess which country, alone in the industrialized world, has not faced a single bank failure, calls for bailouts or government intervention in the financial or mortgage sectors. Yup, it’s Canada. In 2008, the World Economic Forum ranked Canada’s banking system the healthiest in the world. America’s ranked 40th, Britain’s 44th.
I am proud to be a Canadian! Well worth the read if you are wondering how Canada didn’t fall into the traps that the US and Britain fell into.