The Sky is Falling - Canada’s Banks Rated Best in World
October 9, 2008 · By Greg Farries
Following up on Shane’s recent post - clearly Layton and Dion want the economy to falter (or at least give them impression it is faltering), so they can rub Harper’s nose in it. Unfortunately for Dion and Layton, the economic forecast for Canadian banks is a lot better than they would leave everyone to believe:
Canada has the world’s soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets.
[...] Speaking of Canadian banks, I think we may be getting a few mixed messages from the government. Jim Flaherty insists that the government will not bailout any banks and presents a muddied message that insists that credit must be made available: “The government stands ready to take whatever actions are necessary to protect the stability of the Canadian financial system.” [...]