The Bankwatch

Tracking the consumer evolution of financial services

Canadian banks prove envy of the world |

Following the Presidents visit to Canada today, Canadian banks and the Canadian system continue to get attention.

Canadian banks prove envy of the world |

“Canada has shown itself to be a pretty good manager of the financial system in ways that we haven’t always been here in the United States,” Mr Obama told a Canadian broadcaster.

The president spent Thursday in Ottawa meeting Stephen Harper, Canada’s prime minister, to discuss the economy, trade and the environment, in addition to any talk surrounding the strength of Canada’s banks.

In large part because of their conservative culture, one that depends heavily on a vast and stable retail branch network, and a clubby working relationship, Canada’s banks have remained the strongest in the G7 and, according to an October report by the World Economic Forum, the soundest in the world.

Written by Colin Henderson

February 20, 2009 at 02:52

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  1. Colin

    Indian Banks have not been doing too badly either. Only one of the banks had a small write down


    March 6, 2009 at 10:34

  2. thanks Nishad … We don’t hear enough about Indian banks.


    March 6, 2009 at 15:37

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