The financial crisis
A) originated in Canada.
B) had no effect in Canada.
C) originated in the United States.
D) had a larger effect in Canada because of our fragile financial system.
E) is a myth.

Question

Quizplus · Accepted Answer

The financial crisis is widely understood to have originated in the United States, specifically due to the subprime mortgage market and the bursting of the housing bubble.

Answer: D 
 While Canada's financial system is considered to be relatively stable, the global nature of the crisis meant that it still had a significant impact on Canadian banks, leading to credit tightening and slowing economic growth.

The Financial Crisis