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.
__________________
1986 300SDL, 362K
1984 300D, 138K
|