The subprime mortgage crisis was far less detrimental to the Canadian economy than to that of the United States.Subprime mortgages never became popular in Canada because

Question

Quizplus · Accepted Answer

Canadian banks are very conservative in their lending practices and have more stringent regulations in place, which prevented the widespread popularity of subprime mortgages in Canada. This helped protect the Canadian economy from the devastating effects of the subprime mortgage crisis that impacted the United States.

The Subprime Mortgage Crisis Was Far Less Detrimental to the Canadian