Saturday, February 14, 2009

Time to follow Canada

In Newsweek Zakarai explains why Canada appears better positioned than Canada to weather the present financial crisis:
Canada has done more than survive this financial crisis. The country is positively thriving in it. Canadian banks are well capitalized and poised to take advantage of opportunities that American and European banks cannot seize. The Toronto Dominion Bank, for example, was the 15th-largest bank in North America one year ago. Now it is the fifth-largest. It hasn't grown in size; the others have all shrunk.
From banking regulations, to immigration, to health care, it sure looks as if Americans could stand to learn a few pointers from their neighbors to the north.

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