Financial Pundit Jim Kramer loves Canada

I don't know about his picks, but his praise of Canada and Canadian Banks is well deserved.  Does Bank of Montreal really have a 4.8% dividend yield?  Hmmmm - gotta check on that.

One of the few places that may seem safe for investing right now is, well, Canada, Jim Cramer said this week. Given the pervasive negativity in the markets, that’s certainly how it seems.

Because even despite a massive US$1 trillion bailout package from the European Central Bank and the International Monetary Fund, there are still plenty of people who doubt Europe’s debt problems are a thing of the past. Cramer’s not one of them per se, but he knows how this foreboding weighs on investors. Factor in fears of China’s allegedly ready-to-burst asset bubble and the effect that financial regulation could have on American banks, and some of the most likely places to put your money are crossed off the list.

But there’s still Canada. In particular, the country’s banks.

“There’s no rioting in Ottawa,” Cramer said. “You aren’t constantly hearing about the weakness of the loonie or Canadian bond woes – because the loonie’s not weak … and the woes are nonexistent.”.......