Poor Canada; forever ignored and when it’s not ignored forever patronised. Except when the Quebeckers become fractious, Canadian politics and life barely merits a mention in either the British or American press. We even tend to overlook the Canucks when the stories of the Great Wars of the twentieth century are told. How soon Vimy Ridge slips from consciousness. But Canada has plenty going for it (even if most of the Canadians I know don’t actually live in Canada). So, three cheers for Fareed Zakaria’s latest Newsweek column:
Guess which country, alone in the industrialized world, has not faced a single bank failure, calls for bailouts or government intervention in the financial or mortgage sectors. Yup, it’s Canada. In 2008, the World Economic Forum ranked Canada’s banking system the healthiest in the world. America’s ranked 40th, Britain’s 44th…
Canada has also been shielded from the worst aspects of this crisis because its housing prices have not fluctuated as wildly as those in the United States.
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