Canadian banks the soundest in the world

Despite the election push by Liberal and NDP parties touting imminent collapse of the Canadian financial sector, the World Economic Forum has released a report that pits Canada's banking system as the safest in the world.

Twelve-thousand corporate executives around the world were interviewed on a number of questions and ranked banks around the world on a scale of one to seven -- one being insolvent and possibly in need of government assistance and seven being entirely healthy.

The top 10 soundest countries are as follows:

• Canada (6.8)
• Sweden (6.7)
• Luxembourg (6.7)
• Australia (6.7)
• Denmark (6.7)
• Netherlands (6.7)
• Belgium (6.6)
• New Zealand (6.6)
• Ireland (6.6)
• Malta (6.6)