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Canadian trade finance proves resilient
23 November 2009
Alexander R. Malaket speaks with leaders in Canada’s trade finance sector to get an update on trade and international banking, Canadian style.
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Canadian trade finance country review
The trade finance environment in Canada continues to attract grudgingly admiring interest from many quarters, as banks continue to do well, and the Canadian regulatory regime proves to be effective through the global crisis. While the strong Canadian banking sector has avoided any need for government bailout, and has attracted interest in international markets as a source of liquidity and effective, credible risk mitigation, there is no rush among Canadian bankers or trade financiers, to capitalise on the apparent competitive advantages.
Canada has done relatively well in responding to, and managing, its way through the global economic crisis, this despite the country’s very close business and economic ties with the United States which place it at the epicentre of the crisis.
The Canadian banking sector has been recognised as one of the most robust, conservatively managed financial sectors in the world, and the regulatory regime which surrounds the Canadian...
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