Did you know that Canada hasn’t had a serious banking crisis in 123 years?
In the same period when the United States experienced the 1907 bank panic, the 1930 bank runs, and the 2008 financial crisis, Canada hasn’t had a single bank collapse. If you add last week’s regional bank failures to the U.S.’s running total, then that’s four U.S. banking crises that Canada has skipped.
In this article, I will explore some key reasons why Canada hasn’t experienced a single banking crisis in the last 123 years.
Source : The Secret to Canada’s 123 Years of Banking Stability