Good article, but it worth noting that  Canada's ability to deal with future crises is in far worse shape than the article suggests. (1) The current government is ratcheting deficits up even though we are not in a recession and have historically low unemployment. (2) Ballooning personal debt, thanks largely to the housing bubbles that our federal and provincial governments have allowed to happen, indeed encouraged, means most Canadians are hardly in a position to increase their cash position. (3) Canada survived the Great Recession better than many other countries thanks  to (a) its strong financial system, which exposure to  loans dependent on housing has now diminished, as indicated by the credit ratings of its institutions and (b) oil exports that Canada has turned its back on---I doubt the government's commitment even to Kinder Morgan---together with high oil prices that have disappeared for the foreseeable future.