Canada is Officially World's Best Financial System

Simon604

This is very reassuring news and has renewed my faith in Canadian politics...ironic, because the same regulations that make Canada seem so strict are what protected it's banks from financial ruin (we haven't had to bail out one single bank). The best part is that now that this is becoming international news, it will ensure that Canada recovers readily from the Global recession while other countries may have a much harder time.

Reuters Article from Fall (Oct, 2008): http://www.reuters.com/article/idUSTRE4981X220081009

Bloomberg Article from Today (Feb 25, 2009): http://bloomberg.com/apps/news?pid=20601109&sid=afWw27XA56jM&refer=home

Guest1

Yeeeees, maybe I can actually get a job with decent pay in May.

Simon604

Yea! What field are you planning on applying to

online predator

Breath of fresh air, finally.

Shi2

Some economist said Canada's situation will get worse later on as the crisis is like a wave, but it just hasn't fully hit us yet.

imelting

to be honest, this has very little to do with how the canadian job market will be

Simon604

Shi2;49196 said:

Some economist said Canada's situation will get worse later on as the crisis is like a wave, but it just hasn't fully hit us yet.

Everyone thinks their an economist these days...including me lol

Simon604

Here's another surprising report on the health of Canada's Banks, namely CIBC

Report on Business (Feb 26, 2009): CIBC makes $147-million in the quarter

Not only is it one of the very few companies that didn't lose money last quarter, the most significant thing is that it's a bank...I'm amazed.