Wednesday, February 11, 2009

Oh Canada

Fareed Zakaria has a great column in Newsweek about why Canada is the only industrialized nation in the world that is thriving. They may be boring, those Canadians, but they are smart. Money quote:
Canada has done more than survive this financial crisis. The country is positively thriving in it. Canadian banks are well capitalized and poised to take advantage of opportunities that American and European banks cannot seize. The Toronto Dominion Bank, for example, was the 15th-largest bank in North America one year ago. Now it is the fifth-largest. It hasn't grown in size; the others have all shrunk.