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In Depth: World's Friendliest Countries

The country that once welcomed the tired, poor, huddled masses is now asking for a little reciprocation. And Canada,Germany and Australia are heeding the call.

They top a list of the countries most welcoming to expats. There, relocators have a relatively easy time befriending locals, joining a local community group and learning the local language.

Canada is the most welcoming; almost 95% of respondents to HSBC Bank International's Expat Exploreer Survey, released today, said they have made friends with locals. In Germany, 92% were so lucky and in Australia 91% befriended those living there. The United Arab Emirates was found to be the most difficult for expats; only 54% of those surveyed said they'd made friends with locals.

In Depth: World's Friendliest Countries

Behind The Numbers
The study surveyed 2,155 expats in 48 countries, spanning four continents, between February and April 2008. Respondents rated their country in four categories: ability to befriend locals, number that joined a community group, number that learned the language and percentage that bought property.

"We conducted this survey to better understand expatriate needs and get insight into the emotions of expats. The banking business is all about trust, especially with the recent credit crisis," says Martin Spurling, CEO of HSBC Bank International and Head of HSBC Global Offshore. "We want them to build a relationship with their wealth manager regardless of where they travel."

For Americans, traveling abroad to start over is becoming increasingly common. America used to have it all: good jobs, booming economy, skyrocketing stock market and plentiful housing. What a difference a year can make. The boom has gone bust and people are now heading for the exits en masse--with an eye abroad.

It's no wonder they likely find Canada so welcoming. It has an accessible language, diverse culture and low levels of government corruption, says Patricia Linderman, editor of Tales from a Small Planet, an online newsletter for expats.

It also has other expats. This is important, Linderman says, since even the most gracious locals already have busy, established lives and can be unwilling to put in the effort to befriend someone they know could leave within several years.

"I'm not suggesting that it's good to live in an 'expat ghetto'. It's immensely rewarding to live among local people and make friends with them," she says.

Linderman says other expats are important because they share similar needs like making friends and adjusting to life in a new country. They also understand the frustrations daily life brings.

(Adds opening stock prices)

OTTAWA (Reuters) - BCE Inc (nyse: BCE - news - people ), Canada's biggest telecom company, said Friday it has not received an offer from private equity funds to take a minority stake in the company now that their C$34.8 billion ($26.9 billion) leveraged buyout deal for all of BCE is in jeopardy.

There were reports Thursday that the buyers, led by the Ontario Teachers' Pension Plan, were floating an alternative deal. One source told Reuters that it involved an C$8 billion to C$10 billion investment for a minority stake in the company, which would remain publicly listed.

"While it is BCE's policy not to comment on rumors or speculation, in the interest of its shareholders, BCE is today confirming that no such offer has been made," the company said in a statement Friday.

The buyout of BCE is on the brink of collapse after accountants ruled a week ago that the company that would emerge from the deal would fail a solvency test because of its huge debt load.

A positive solvency opinion from KPMG, BCE's accountants, is a condition for the deal to close on Dec. 11 as planned. Without it, the buyout is unlikely to proceed, BCE has said.

BCE said Friday that it continued to work with KPMG and the purchasers to satisfy closing conditions of the agreement. The buyers group also includes Providence Equity Partners, Madison Dearborn Partners and Merrill Lynch (nyse: MER - news - people ) Global Private Equity.

Shares in BCE fell 0.8 percent, of 18 Canadian cents, to C$22.77 on the Toronto Stock Exchange Friday morning and 2 percent to $17.57 on New York in opening trade. ($1=$1.29 Canadian) (Reporting by Susan Taylor; Editing by Peter Galloway)

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