"Tiny Iceland, still reeling from the aftershocks of the devastating collapse of its banks in 2008, is looking longingly to the loonie as the salvation from wild economic gyrations and suffocating capital controls. And for the first time, the Canadian government says it’s open to discussing the idea." G&M
"The Canadian dollar...offers the tantalizing prospect of a stable, liquid currency that roughly tracks global commodity prices, nicely matching Iceland’s own economy, which is dependent on fish and aluminum exports. " G&MZero Hedge adds: "It is a huge slap in the face of those ...who keep repeating no matter the facts that the USD will never lose its reserve status".
ZH links to this S&P chart predicting future creditworthiness. Thirty years ahead, Canada is the only country on S&P's list still looking good. These are unreliable stats about imaginary events but what else can you use?
This is about Iceland but I feel proud as a Canadian too.
Next up,add some warm winter beaches to Canada. (In 2004, Nova Scotia invited Turks and Caicos to join Canada and in 1949, the House Assembly of Bermuda was asked by the Bermuda Board of Trade to consider joining Canada.)