Canadian Banks--Shovel-Ready

by Dollars and Sense

As Obama visits Canada today, we are posting an article by Maurice Dufour on the supposed health of the Canadian financial sector. Maurice has been livening up our pages with satirical articles, including most recently "Hooked on Hydrocarbons?", a piece on the Alberta oil-sands that takes seriously (sort of) the notion that the United States is "addicted to oil." The article is available only in the January/February print edition (here's the table of contents). Order that issue here; subscribe here.

Shovel-Ready in Canada

Pundits are praising the financial health of the United States's northern neighbor—but should they?

Canadians have long been trying to shed what they feel is an undeserved stereotype, namely, that our country is boring. Try as we might, we can't seem to shake the association with dullness. The gap between our self-image and the way others perceive us is still yawning, so to speak.

Recent developments might offer an opportunity for an extreme image makeover, though. That's because, amidst the recent global economic carnage, this country's financial system appears to have emerged relatively unscathed. So more and more people these days are actually getting excited when they think about the land of moose, Mounties and maple syrup. Now every country wants to be more like Canada, it seems.

Read the rest of the article.

Labels: bailout, Barack Obama, Canada, financia crisis, Maurice Dufour

 

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2/19/2009 09:19:00 AM