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Yeah, CDN banks got massive direct and indirect money from Ottawa: https://www.cbc.ca/news/business/banks-got-114b-from-governments-during-recession-1.1145997 h

Yeah, CDN banks got massive direct and indirect money from Ottawa: https://www.cbc.ca/news/business/banks-got-114b-from-governments-during-recession-1.1145997 https://www.cbc.ca/news/business/banks-got-114b-from-governm... Canada also had its own duration mis-match crisis with Asset-Backed Commercial Paper where debtors expected to just roll over the paper every 30-45 days... until they couldn't and it froze up. Took a decade to unwind. https://www.advisor.ca/news/industry-news/lesson-to-learn-from-the-abcp-crisis/ https://www.advisor.ca/news/industry-news/lesson-to-learn-fr... > There are no regional banks whatsoever Sure there are. Laurentian Bank is almost entirely based in Quebec. National Bank of Canada has almost all of its branches in Ontario, Quebec and NB. Then there are the credit unions which are almost entirely provincial (with a riskier backstop than that of US credit unions).

kwooding 4y ago
In fact, in many cases, deposits in provincial Credit Unions in Canada (e.g. Alberta and BC) are 100% guaranteed. (As opposed to the big banks, which are only guaranteed to $100,000). Some provinces hve other rules, but in general, deposits to Canadian Credit Unions have better deposit insurance protection than the big Canadian Banks. Source: https://www.canada.ca/en/financial-consumer-agency/services/banking/deposit-insurance.html https://www.canada.ca/en/financial-consumer-agency/services/... (and the marketing campaigns of the credit unions)
- Scoundreller 4y ago
  Diff is that the feds have the ability to literally print money. Provinces would be limited to issuing bonds.