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Canada, with its triple-A rating, has a diverse economy, stable public policy and sound financial sector, S&P said in a report written by analysts in Toronto and New York City.
"In our opinion, the Canadian financial sector has weathered the current global financial turmoil well to date."
S&P also said federal government spending deficits of between one and two per cent of gross domestic product are expected in 2009 and 2010 as the country emulates the actions of other highly rated governments to boost their economies.
Regardless of which federal party eventually ends up controlling the reins in Ottawa, S&P believes the country will be back to a balanced budget by the end of 2011.
"Like the other three 'AAA' rated G7 sovereigns [U.K., France and Germany], we believe that Canada has the political capacity and will to respond quickly to changing conditions, and it has a relatively diversified economy," S&P said.
"It also has a stable financial system, and is the only of the five that entered the current crisis in fiscal surplus on a general government basis.
Brian
Vernon BC Canada
"Nothing in life - can compare to seeing smiles on your children's faces."
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Campfire 'Bwana
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Campfire 'Bwana
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Let's go Canadian....cut the top US income tax rate to 29% like it is in Canada and watch the US economy boom.
Proudly representing oil companies, defense contractors, and firearms manufacturers since 1980. Because merchants of death need lawyers, too.
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As every American knows - Canadians pay far more in taxes - and Canada provides its citizens with far more entitlements. And yet - we thrive! But why ever look to the revenue side of the equation - when facing debt - eh?
Brian
Vernon BC Canada
"Nothing in life - can compare to seeing smiles on your children's faces."
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Campfire Ranger
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The biggest problem Canada has is allowing coneheaded mullets like BCBrian to teach their youth.
It is irrelevant what you think. What matters is the TRUTH.
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Canada rates higher than the USA in it's public education system too!
Brian
Vernon BC Canada
"Nothing in life - can compare to seeing smiles on your children's faces."
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Campfire 'Bwana
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Campfire 'Bwana
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Be proud. No navy, but excellent BC bud.
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Just imagine where the US would be if we lived next to a country that provided our national defense for us.
I'd like to see what Canada's percentage of Amish are....we'll ship you all our Amish fromt he ghetto and see how it goes.
Last edited by NathanL; 08/06/11.
Otto is my co-pilot.
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Campfire Kahuna
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Bad enough you are in Canada...I damn sure wouldn't want you for a next door neighbor. Hey maybe you could do us a favor and take all the illegal immigrants we have..... How are those gun control laws working for you? Can you carry concealed wherever you go and whenever you want? With whatever you decide? Our only problem is the liberal idiots akin to you that are here...maybe we can ship them up there too? You'll be happy with all your new brethren and we will be better of rid of them.
Liberalism is a mental disorder that leads to social disease.
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As every American knows - Canadians pay far more in taxes - and provide more entitlements. And yet - we thrive! But why ever look to the revenue side of the equation - when facing debt - eh? Why ever look to the revenue side of the equation? As long as Grover Nyquist and Co. keep our heads in the sand (or up our A$$), we'll never see our way out of this mess. Like it or not, government costs money to run (military, defense, law enforcement, prisons, education, highways and other infrastructure, a space program , etc.) and the government has only one way to get revenue - taxes. I do not favor confiscatory taxes, but revenues are one important side of the equation. Just ignoring it will not make it better.
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Defence? From who? The only country that ever invaded us?
Brian
Vernon BC Canada
"Nothing in life - can compare to seeing smiles on your children's faces."
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If you don't think Canada prospers under protection from the US you are more out of than I thought.
Otto is my co-pilot.
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Elect Obama and we'll see how well you do.
Broncos are officially the worst team in the nation this year.
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Campfire 'Bwana
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Campfire 'Bwana
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As every American knows - Canadians pay far more in taxes - and Canada provides its citizens with far more entitlements.
no they don't....they pay far less than we do. 29% top rate...far lower than the evil Bush tax cuts for the rich (oh, and everybody else who pays taxes). even lower than under dat ol' debbil Reagan. must be a bunch of Canadian tea party terrorists or something.
Proudly representing oil companies, defense contractors, and firearms manufacturers since 1980. Because merchants of death need lawyers, too.
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Campfire 'Bwana
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Campfire 'Bwana
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Don't be shy. Tell em how Russia is taking your land to your north.
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Be proud. No navy, but excellent BC bud. No Canadian Navy? That would be news to the Canadians. It's not large, but they've got one. see: http://www.navy.forces.gc.ca/cms/0/0_eng.asp
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Campfire 'Bwana
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Campfire 'Bwana
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Ya, ya, so do the samolians
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Bad enough you are in Canada...I damn sure wouldn't want you for a next door neighbor. Hey maybe you could do us a favor and take all the illegal immigrants we have..... How are those gun control laws working for you? Can you carry concealed wherever you go and whenever you want? With whatever you decide? Our only problem is the liberal idiots akin to you that are here...maybe we can ship them up there too? You'll be happy with all your new brethren and we will be better of rid of them. Your system can't function without slave labour - or the nearest thing to it - undocumented workers. It's why none of your governments has ever done anything about it. Despite what voter's say. And - although it's neither here nor there. Living in Canada I have never felt the need to carry a weapon - except when I'm hunting. And- when I'm hunting I prefer a rifle or shotgun.
Brian
Vernon BC Canada
"Nothing in life - can compare to seeing smiles on your children's faces."
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According to thier own website they have 33 warships with the biggest being a destroyer, only 1 of which is deployed on the west coast and 2 on the east coast. Yeah sounds like a hell of a blue water Navy there. 1/3 of the ships listed fall into the coastal defense BOAT category. Even with all the problems of the US there's still people who will travel around the globe at great peril at a CHANCE to sneak in and make it here many of whom will go thru Canada to get here...what does that tell you?
Last edited by NathanL; 08/06/11.
Otto is my co-pilot.
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Canada rates higher than the USA in it's public education system too! http://garyes.stormloader.com/its.htmlThe It's vs. Its page If you're confused by these two little words, you've come to the right place. (Not that there aren't other right places.) -------------------------------------------------------------------------------- It's is a contraction for it is or it has. Its is a possessive pronoun meaning, more or less, of it or belonging to it. And there is absolutely, positively, no such word as its'. A simple test If you can replace it[']s in your sentence with it is or it has, then your word is it's; otherwise, your word is its. Another test Its is the neuter version of his and her. Try plugging her into your sentence where you think its belongs. If the sentence still works grammatically (if not logically) then your word is indeed its. Examples It's been good to know you. Contraction: it has It's a bird! It's a plane! Contraction: it is The dodo bird is known for its inability to fly. Possessive pronoun: its inability = the dodo bird's inability
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Since WWII, the world has changed.
The big economies are too inter-connected to make war with each other.
Everyone realizes that now.
Well, almost everyone.
Brian
Vernon BC Canada
"Nothing in life - can compare to seeing smiles on your children's faces."
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