George Soros sees fall of financial system ‘as we know it’ - The Globe and Mail

George Soros sees fall of financial system ‘as we know it’ - The Globe and Mail: "The Canadian dollar (CAD/USD-I0.96-0.01-1.15%) also surged, popping above 97 cents U.S. at one point though it closed just shy of the mark at 96.97 cents, up 1.21 cents. As the loonie was rising, strategists at BNP Paribas SA advised investors to buy into the loonie given Canada’s better prospects, according to Bloomberg News, going so far as to say that the country’s monetary and fiscal policy suggests “the making of a reserve currency.” Said the BNP analysts: “The end benefit for Canada is the rising credibility of the central bank as it correctly anticipated the subprime crisis and presided over a stable banking system. The Harper government is also moving ahead with the removal of emergency G-20 crisis measures.”"