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Canada rises above the crisis

The Financial Times writes on the strength of Canada's economy and banking system and why the rest of the world can learn from what it's done right.

"For once, Canada has been able to plough a different furrow from its southern neighbour, even though the US makes up three-quarters of its foreign trade. "The Niagara River was a Berlin Wall as far as financial contagion was concerned," says John Kirton, director of the G8 research group at the University of Toronto's Munk Centre."

"On the banking front, Ottawa has provided liquidity support but no direct capital infusions. All six of Canada's biggest banks have maintained their dividends. Two � Royal Bank of Canada and Toronto-Dominion � are among only half a dozen banks worldwide that still enjoy a Moody's triple-A credit rating."

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original source Financial Times
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