The recovery from the 2008-2009 recession
A) was stronger in Canada than in the United States.
B) did not occur in Canada, but did in the United States.
C) was stronger in the United States than in Canada.
D) was not an issue in Canada, as the 2008-2009 recession was confined to the United States.
E) was slowed down because Bank of Canada policy was historically tight.

Question

Quizplus · Accepted Answer

The recovery from the 2008-2009 recession was stronger in Canada than in the United States, as Canada's banking system was more stable and resilient due to tighter regulations and stronger capitalization requirements. Additionally, Canada's economy was less reliant on the housing sector, which was a major factor in the recession in the United States.

The Recovery from the 2008-2009 Recession