THERE HAS BEEN a growing sense of pride among Canadians over the past 12 months, and rightly so. Since the beginning of the global financial crisis, not one Canadian bank has had to be bailed out – indeed, the majority have remained profitable.
Recognition of the country’s success in averting a financial mess similar to those witnessed elsewhere has been growing. In October last year, the World Economic Forum ranked Canada as the world’s soundest banking system, with executives rating the country’s banks 6.8
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