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A woman holds U.S. and Canadian flags in Ottawa.
A woman holds U.S. and Canadian flags in Ottawa.
(CHRISTINNE MUSCHI/REUTERS)

Why Canada has never had a “banking panic”

Canada’s sterling performance during the financial crisis has burnished many reputations. (Yes, we’re thinking of you, Mark Carney.) But the reasons for our financial sector’s resilience during 2007 and 2008 go beyond the country’s good fortune in happening to have a roster of able regulators in place.