Canadain Versus U.S. Banking Systems
Canadian banks have weathered the current economic crisis much better than their U.S. counterparts.
Nick Rowe has suggests
the following:
But it doesn’t seem to be as simple as “Canadian banks are more tightly-regulated”. 1. We never had restrictions on interstate banking, so Canadian banks spread their assets and liabilities across Canada. (So it doesn’t matter if a local housing market goes bust).
-By rob on 2009-06-13
