Tags: Canada | banks | world | soundest

Canada's Banks Ranked World's Soundest for Sixth Straight Year

Wednesday, 04 Sep 2013 04:00 PM

 

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Canada’s banking system was ranked the world’s strongest for the sixth straight year by the World Economic Forum.

Canada’s banks received the No. 1 spot in the Geneva-based organization’s Global Competitiveness Report, which was released Wednesday. The report includes 148 countries.

“Having a strong and profitable banking system is the backbone of the Canadian economy,” Terry Campbell, president of the Canadian Bankers Association, said in a statement.

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