At the 2019 World Economic Forum, it was once again established that Canada has the most solid banking system in the world. Looking back at the 2007/8 banking crisis, it appears that not a single Canadian bank had to be bailed out or supported by government subsidies during the financial crisis.
This was mainly a result of the market-oriented Canadian economic system. In 2011, the US edition of Forbes magazine voted Canada as the best business location in the world. Forbes explicitly pointed out that this decision was based on the fact that Canada is a high-tech society that manages to achieve continuous economic growth.
This economic resilience is supported by the abundance of natural resources. Canada, for example, has more than ten percent of the world’s forests and significant deposits of oil, natural gas, iron ore, lead, coal, copper, gold, uranium and zinc.
In addition to its wealth of natural resources, political and economic stability, Canada owes its reputation as one of the world’s most popular investment locations to its solid banking, health and education system as well as its excellent infrastructure.