As reported by
Business Week, Canada's banking system was recently ranked the world's soundest by the World Economic Forum. This is the third straight year Canada had topped the Geneva-based organization's list.
"The study, released today by the Geneva-based oragnization, places Canada's banks ahead of New Zealand, Australia, Lebanon and Chile in its executive opinion survey. Canadian lenders including Royal Bank of Canada and Toronto-Dominion Bank withstood the financial crisis without taking government bailouts, and recorded only a fraction of the $1.3 trillion in writedowns taken by banks and brokers worldwide."
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Business Week