Re: Canada's economy is suddenly the envy of the world: "The banks are stable because, in part, they're more regulated. As the
U.S. and Europe loosened regulations on their financial industries
over the last 15 years, Canada refused to do so. The banks also
aren't
as leveraged as their U.S. or European peers.
There was no mortgage meltdown or subprime crisis in Canada. Banks
don't package mortgages and sell them to the private market, so they
need to be sure their borrowers can pay back the loans.
In Canada's concentrated banking system, five major banks dominate
the
market and regulators know each of the top bank executives
personally."
'via Blog this'
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