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Old 06-21-2010, 04:03 AM
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cmac2012 cmac2012 is offline
Renaissances Dude
 
Join Date: Dec 2004
Location: Redwood City, CA
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Canada's economy is suddenly the envy of the world

http://finance.yahoo.com/news/Canadas-economy-is-suddenly-apf-807130582.html?x=0

He recalled visiting China in 2007 and hearing suggestions "that the Canadian banks were perhaps boring and too risk-adverse. And when I was there two weeks ago some of my same counterparts were saying to me, 'You have a very solid, stable banking system in Canada,' and emphasizing that. There wasn't anything about being sufficiently risk-oriented."

The banks are stable because, in part, they're more regulated. As the U.S. and Europe loosened regulations on their financial industries over the last 15 years, Canada refused to do so. The banks also aren't as leveraged as their U.S. or European peers.
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