by Terry Long
Got a few minutes? You need to read this. It is from the United States published earlier this week Feb. 16 in the Worldview section of Newsweek. It is an article called “Worthwhile Canadian Initiative”. Sure our economy is facing tough times, no, let me say very, very tough times. But contrary to what has been said in the recent media, Canada should definitely not be grouped with the nations being flushed down the economic toilet of despair. Let’s get a reality check. Here’s is the first and last paragraph of that article in Newsweek that you should really really read in it’s short but amazing entirety. Remember…this is an American analysis!
“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……………………….
If President Obama is looking for smart government, there is much he, and all of us, could learn from our quiet—OK, sometimes boring—neighbor to the north. Meanwhile, in the councils of the financial world, Canada is pushing for new rules for financial institutions that would reflect its approach. This strikes me as, well, a worthwhile Canadian initiative.”
I believe that the nations of the world will look to and learn from Canada for many reasons. It appears as though it is already starting in the financial sector…..but you didn’t hear it from me! Read it in Newsweek right here
PS. I may be many things, but quiet and boring is not one of them. Are you a quiet and boring Canadian? Sounds like a stereotype to me…. yah, eh? Pass me some more back bacon!
