I’d recommend that you read a post by Fareed Zakaria, aptly titled: “Worthwhile Canadian Initiative”

Undoubtedly there are more than a few comparisons to be drawn between both countries.

But how about the differences? Canada has not faced a single bank failure, calls for bailouts or government intervention in the financial or mortgage sectors.

In 2008, the World Economic Forum ranked Canada’s banking system the healthiest in the world. USA’s ranked 40th.

Canada has been remarkably responsible over the past decade or so. It has had 12 years of budget surpluses, and can now spend money to fuel a recovery from a strong position.