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Fri 07 Jul 2009Canadian bank system gets the balance right
Once considered boring for its fiscal conservatism, Canada has emerged as a model of stability, writes SIMON CARSWELL, Finance Correspondent, in Toronto
THE US may have aspired to be a city on a hill, but its neighbour Canada has attracted more attention recently as a paradigm for creating and regulating a banking system that has been stable, and even profitable, through the worst economic crisis since the Great Depression.
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