Which of the following is a reason that Canada did not see a housing bubble and banking crisis in 2008?
A)The Canadian government was quicker to act than the U.S.government.
B)Canadian housing prices are more stable than U.S.housing prices.
C)The Canadian government delivered larger bailouts to Canadian banks than the U.S.Treasury did to U.S.banks.
D)The Office of the Superintendent of Financial Institutions (OSFI)was more conservative than banking regulators in other countries.
E)Municipal regulations in Canada prevent over building.

Question

Quizplus · Accepted Answer

The Office of the Superintendent of Financial Institutions (OSFI) in Canada was more conservative than banking regulators in other countries, implementing stricter regulation and oversight of financial institutions. This helped to prevent risky lending practices and the formation of a housing bubble in the Canadian market.

Which of the Following Is a Reason That Canada Did