Canada Is Getting Recognition - Cont.

A recent article in Newsweek  titled "Worthwhile Canadian Initiative" highlights some of the strong economic factors that are helping Canada weather this global economic storm.  This is a pretty significant article in a very prominent U.S. publication. Most notable was the strength of the Canadian banking system.  TD Canada Bank is now the fifth largest bank in North America.  Not because of growth, but because all the large US banks have shrunk.  Royal Bank of Canada just posted a 1 billion dollar profit.  The article also points to Canada's long term history of being conservative.  Canada never got into subprime mortgages, the government wouldn't allow it. Also, Canada has typically run a trade surplus given its vast supply of natural resources.  Interesting article well worth a read.... http://www.newsweek.com/id/183670