I am very bullish on our resource rich neighbors to the north, and particularly impressed with the Bank of Nova Scotia (NYSE: BNS). Known as Scotiabank, BNS recently purchased the Colombian operations of the Royal Bank of Scotland (NYSE: RBS), expanding its considerable presence in South America. Prudent management at BNS has been good for shareholders, while the reckless risk-taking at RBS had predictable results. Scotiabank has outperformed the market handily, including a 4% gain year-to-date compared with a slide of about 4% for the broader market. Top it off with a 3.8% dividend yield, and you have yourself a good low-risk buy.