Iceland may switch to Canadian Loonie

Canada says its willing to do a deal that will see the Loonie replace the Krona in Iceland.  Our ambassador will speak about this to the opposition party in Iceland  March 3rd.    The story is at the Globe and Mail, h/t Zero Hedge (Iceland Wants To Adopt The Dollar... No, Not That One, The Other One)  A delegation of Icelander businessmen approached Canada last year with the proposition.

"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&M

Zero 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.)