I found this very interesting article on Bloomberg:
Bloomberg.com: Obama in Canada Finds World’s Best Financial System
Switzerland used to be known for its conservative banking sector, but clearly they lost their way. Canada, with its strong banking system, stable democracy, and small deficits is looking very attractive right now. Anyone investing there?
Bloomberg.com: Obama in Canada Finds World’s Best Financial System
...no country among the so-called industrialized nations is showing as much confidence in its bankers as Canada. Not one government penny has been given to any of the 21 banks from British Columbia to Quebec since credit worldwide seized up in August 2007...Just two Canadian regional banks have failed since 1923...Canada has always had a fairly conservative banking sector.
Switzerland used to be known for its conservative banking sector, but clearly they lost their way. Canada, with its strong banking system, stable democracy, and small deficits is looking very attractive right now. Anyone investing there?