Wednesday, October 15, 2008

Could Icelanders trust Canadian Banks

Canada has the soundest financial system on the globe, according to a new report from the World Economic Forum, which also placed Canada on the top 10 list of the world's most competitive countries.Based on the opinion of executives, the 2008-2009 Global Competitiveness Report ranks 134 countries on a variety of "pillars", or factors, ranging from institutions and infrastructure to technological readiness and innovation.Within the pillar analyzing financial markets, Canada snatched the top grade for its soundness of banks, plus made the top 10 for its strength of investor protection (5th) and financial market sophistication (6th).

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