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Interesting read: The Canadian Solution
I hadn’t known our banks are now rated the “healthiest in the world.” The difference in leverage ratios is pretty large: 18:1 in Canada and 26:1 for US banks. TD Bank was 15th largest in the world a year ago, now is 5th since all their competition shrank.
Another interesting tidbit he brings up is that Americans claimed they needed the looser regulation on mortgages so more people could own homes, fueling the economy. Turns out, even with tighter regulation, a higher percentage of Canadians own homes than Americans.