Canada Well Placed to Gain from European Debt Crisis, Trade Advantages: Reports

(The Canadian Press)

A new bank report says Canada is well-positioned to take advantage of the debt crisis in Europe and growing fiscal problems in the U.S.

The CIBC says Canada is increasingly being seen as a safe harbour in the looming global debt storm. The bank says Ottawa’s fiscal position already compares favourably with most of Europe and the U.S. and will only improve over the next few years. As well, a stable loonie will add to Canada’s lure for foreign investors, the chartered bank says. Read more here.