10/9/2008

Canadian financial institutions are in pretty good shape, but just to be safe, the government is looking at what it should do if economic turmoil hits the country. One proposal has the Canada Mortgage and Housing Corp. taking on bank mortgages and exchanging them for government-backed securities. Although the Canadian banking system is widely viewed as the healthiest in the world, "they need things in place, just in case," a banking executive said.

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