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Buying bankrupt Iceland could be bargain for Canada

A letter in the October 10 National Post suggests inviting yet another bankrupt Atlantic island into Confederation: Iceland.

David Hayers argues that Reykjavik is no farther from Ottawa than Vancouver is, that Icelanders generally speak English, and we already have the concept of the "province as nation."

The idea is tempting. As Stephen Harper observed the other day, this is a great time for bargain hunting, and we could snap up Iceland for pennies on the kronor (even with the loonie falling).

The chief drawback is that Iceland's not much of a tourist destination, at least for sun-loving Canadians. Still, if Finance Minister Flaherty allows us to borrow a few billion, we could leverage this deal to include the Turks and Caicos and the British Virgin Islands.

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