World Economic Forum rates the Canadian banking system the most secure in the world!

Ya, I said it....and no, I didn't stutter.

The World Economic released this study on Wednesday, in the midst of the world financial crisis, and Canada came out on top.

Britian, once ranked in the top 5, slipped all the way to 44th, behind El Salvador and Peru.

The U.S. was not far behind however, it was ranked 40th.

The World Economic Forum is a global non-profit foundation known for its annual meeting in Switzerland that brings together business leaders, politicians, intellectuals and journalists to discuss world issues.

The Forum interviewed twelve-thousand corporate executives around the world on a number of questions and ranked banks around the world on a scale of one to seven -- one being insolvent and most likely in need of government assistance and seven being the healthiest.

The top 10 soundest banking 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)

Now this does not mean Canada should get cocky. This just re-establishes that risky banking tactics are never a good idea. Canadian banks are known for consistence and not dabbling in the sub-prime mortgage crap that left the U.S.A in the dumps.