Canadian Prime Minister, Stephen Harper, conducted an 11-minute interview with CNBC’s Larry Kudlow and did a fantastic job of demonstrating why Canada is so strong today and will continue to be strong in the future. I’m sure many Americans wished their country was as sound as Canada with respect to:
- Banks (Most stable banks in the world)
- Mortgages (Banks hold mortgages rather than sell them, so they have to be careful)
- Budget Surplus (Canada has been in surplus for years – going into short-term deficit with stimulus)
- Energy (US will be importing more and more oil from Canada in the future)
The interview caused Peter Grandich, our US residing Chief Commentator to blog Oh Canada! and call for a $CDN at par with the Greenback.
Regards,
George