Canada rated world’s soundest bank system


As reported by Reuters [1]:

Canada 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.

Canadian Banks scored 6.8 out of 7 to position themselves at the top of the list. US Banks came in 40th. Algeria pulled up the rear at 134th.


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