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Author: Starrob Big funky green star, 20000 posts Old School Fool Ticker Guide Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 36  
Subject: Bad omen for U.S.: Canada's mysterious success Date: 7/13/2010 9:40 PM
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"NEW YORK (MarketWatch) -- The success of Canada, where big money and business interests don't have as much sway over policies as in the U.S., is a good reminder of why economic prospects here are getting grimmer.

In Canada, where a regulated banking system and strong consumer protection laws helped the country weather the globe's worst financial and economic crisis since the Great Depression, a vibrant private sector is hiring again.

Canada's economy is well ahead of the U.S., adding 93,000 jobs in June and that's mostly thanks to credit creation from a healthy banking system and consumers that didn't get hit by subprime mortgages and other types of vampire-like credit instruments devised by Wall Street geniuses. "


cont'd


http://www.marketwatch.com/story/canadas-mysterious-success-...
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