There are precedents, of course – El Salvador and Ecuador have both adopted the U. dollar in the past – and, on paper, the decision seems to make sense for both Canada and Iceland. delayed the Keystone pipeline, Prime Minister Stephen Harper went to China to discuss redirecting its oil (Canada is the sixth-largest oil-producing nation in the world) to the Pacific coast – where China's ships are waiting. be worried that Canada is bailing out other countries?
Iceland would have a currency overseen by a very strong central bank. But maybe the worst part: The person who brought this story to my attention is a Canadian. Do you think Canada could really be a world superpower?
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By Erin Burnett Since Iceland's financial collapse in 2008, the country has debated whether it should stick with the krona or adopt the currency of another country. Designed to showcase Erin's unique style--casual, smart, and confident--Out Front stays ahead of the headlines, delivering a show that's in-depth and informative.
The obvious choice seems to be for Iceland to submit to, say, oil-rich Norway or maybe even join the EU and adopt the euro. And it’s a little "loonie." That's right: Iceland might adopt the Canadian dollar as its official currency.
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