Canada is often referred to as the country that got it right in past years. It was not hit by the banking crisis, but at the same time it is not perfect. Like Ireland it has a large, more economically powerful neighbour, which it relies on for the majority of its trade. Like Ireland it has lost manufacturing activity to other parts of the world. Canada has had a recession, and while we have supported banks, the Canadian government supported its automobile industry with the taxpayer's money. Like Ireland, it has also introduced tax credits for Research & Development, removed manufacturing tariffs and is gradually reducing taxes on business to about 25% over the next couple of years.