In the subprime mortgage crisis,Canadian financial institutions:

Question

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Canadian financial institutions did not face the high default rates that were witnessed in the United States during the subprime mortgage crisis. This is largely attributed to stricter lending standards, lower levels of household debt, and a more stable housing market in Canada. As a result, Canadian banks were able to weather the crisis without requiring aid from the federal government.

In the Subprime Mortgage Crisis,Canadian Financial Institutions