Thursday, October 9, 2008

Canada has World's Soundest Banking System: WEF

Reuters, Rob Taylor, 9 October 2008Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets.But Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after a �50-billion (US$86.5-billion) pledge this week

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