Not a single Canadian bank failed during the Great Depression, and not a single one failed during the recent U.S. crisis now dubbed the Great Recession. Fewer than 1 percent of all Canadian mortgages are in arrears. That’s notable given … Continue reading Few foreclosures, no bank failures: Canada offers lessons
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Few foreclosures, no bank failures: Canada offers lessons
Not a single Canadian bank failed during the Great Depression, and not a single one failed during the recent U.S. crisis now dubbed the Great Recession. Fewer than 1 percent of all Canadian mortgages are in arrears. That’s notable given … Continue reading Few foreclosures, no bank failures: Canada offers lessons