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Asher
10-10-2008, 00:44:40
Canadian Banking System Declared Most Sound

By Reuters
Bank Systems & Technology
October 09, 2008

CANBERRA, Oct 9 - 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.

But Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after a 50 billion pound ($86.5 billion) pledge this week by the government to bolster bank balance sheets.

The United States, where some of Wall Street's biggest financial names have collapsed in recent weeks, rated only 40, just behind Germany at 39, and smaller states such as Barbados, Estonia and even Namibia, in southern Africa.

The United States was on Thursday considering buying a slice of debt-laden banks to inject trust back into lending between financial institutions now too wary of one another to lend.

The World Economic Forum's Global Competitiveness Report based its findings on opinions of executives, and handed banks a score between 1.0 (insolvent and possibly requiring a government bailout) and 7.0 (healthy, with sound balance sheets).

Canadian banks received 6.8, just ahead of Sweden (6.7), Luxembourg (6.7), Australia (6.7) and Denmark (6.7).

UK banks collectively scored 6.0, narrowly behind the United States, Germany and Botswana, all with 6.1. France, in 19th place, scored 6.5 for soundness, while Switzerland's banking system scored the same in 16th place, as did Singapore (13th).

The ranking index was released as central banks in Europe, the United States, China, Canada, Sweden and Switzerland slashed interest rates in a bid to end to panic selling on markets and restore trust in the shaken banking system.

The Netherlands (6.7), Belgium (6.6), New Zealand (6.6), Malta (6.6) rounded out the WEF's banking top 10 with Ireland, whose government unilaterally pledged last week to guarantee personal and corporate deposits at its six major banks.

Also scoring well were Chile (6.5, 18th) and Spain, South Africa, Norway, Hong Kong and Finland all ending up in the top 20. At the bottom of the list was Algeria in 134th place, with its banks scoring 3.9 to be just below Libya (4.0), Lesotho (4.1), the Kyrgyz Republic (4.1) and both Argentina and East Timor (4.2).

RANKINGS

1. Canada
2. Sweden
3. Luxembourg
4. Australia
5. Denmark
6. Netherlands
7. Belgium
8. New Zealand
9. Ireland
10. Malta
11. Hong Kong
12. Finland
13. Singapore
14. Norway
15. South Africa
16. Switzerland
17. Namibia
18. Chile
19. France
20. Spain

--------------------------------------------

124. Kazakhstan
125. Cambodia
126. Burundi
127. Chad
128. Ethiopia
129. Argentina
130. East Timor
131. Kyrgyz Republic
132. Lesotho
133. Libya
134. Algeria

SOURCE: World Economic Forum Global Competitiveness Report 2008-2009.

(For the full World Economic Forum report click on: http://www.weforum.org/GCR0809_Browser )

Bob
10-10-2008, 07:31:27
Music forum

mr_B
10-10-2008, 08:11:18
ohhhhh CA NA DA tralalalalalala

Canada just as jolly as Switzerland.

Bob
10-10-2008, 08:37:37
good yodelers, the switzies too

Dyl Ulenspiegel
10-10-2008, 11:59:51
Considering the source, I now expect the Candian banking system to implode.

MOBIUS
10-10-2008, 12:09:13
Too busy counting their sweets.

Sir Penguin
10-10-2008, 22:01:07
Originally posted by Dyl Ulenspiegel
Considering the source, I now expect the Candian banking system to implode.
The Toronto Stock Exchange bottomed out down 750 points at about 2:00 this afternoon, and the CAD dropped 4.5 cents against the USD.

SP

Asher
11-10-2008, 00:23:03
That's not the banking system.

The CAD is dropping cause oil is dropping.

Alberta is everything. Bow down, bitch.

Sir Penguin
11-10-2008, 01:01:05
The Canucks will go 81-0-1 this season. I guarantee it.

SP

notyoueither
11-10-2008, 03:46:32
The question is, will they score 480 or 481 goals?

RedFred
11-10-2008, 03:55:44
Canucks have the D but not the O.

So Asher, Canada's deck chair on the Titanic is a bit higher above the waterline than most?

Asher
11-10-2008, 04:53:41
Yes, which means we'll be the people rescued.

Sir Penguin
11-10-2008, 06:49:04
Originally posted by notyoueither
The question is, will they score 480 or 481 goals?
481. Steve Bernier, Mason Raymond, Ryan Kesler, and Roberto Luongo will all have 100-goal seasons, and Henrik will have at least 150 but no more than 175 assists. The 481st goal will be an own goal by an Oilers defenseman. I guarantee it.

SP

RedFred
11-10-2008, 16:47:25
I think it was great they named Luongo pseudo-captain. No one else in the league has a pseudo-captain. He can pseudo-argue bad calls, he already wears the pseudo-"C", and he used to lead the team. Now he can pseudo-lead the team!

Sir Penguin
11-10-2008, 17:07:09
And with short hair he is teh sexxx. :love:

SP

notyoueither
12-10-2008, 00:33:07
Originally posted by Sir Penguin
481. Steve Bernier, Mason Raymond, Ryan Kesler, and Roberto Luongo will all have 100-goal seasons, and Henrik will have at least 150 but no more than 175 assists. The 481st goal will be an own goal by an Oilers defenseman. I guarantee it.

SP

McCabe went to Florida, and then he broke his back.

jsorense
12-10-2008, 00:41:59
I have $23.25 in Canadian money.
Wooooo Hoooooooo!!
I am rich!

Vincent
12-10-2008, 14:22:50
I have dutch money.

Koshko
12-10-2008, 21:22:57
Really isn't this like being the best looking pig with lipstick on?

RedFred
13-10-2008, 04:57:19
Who? Loungo?

Sir Penguin
13-10-2008, 05:56:27
When I make my first reclining robot, I'm going to name it Loungo.

SP