'Canada's a paragon of safe banking': Why Canada has had no bank failures since 2001, while the U.S. has had hundreds

; which is still a lot of cash to lend out. However, the fact that there is such a low delinquency rate demonstrates how effective our banks are at managing that debt.

The CDIC is a Crown corporation that provides insurance for bank deposits, and protects account holders in the event of a bank failure.Article content Spreading out your investments in a variety of funds minimizes the risk of any investments failing. And if you put your money in one of the areas protected by CDIC insurance, you have the added benefit of knowing that you have extra protection should a bank failure occur.ensures that banks are not likely to have massive failures.Article content

Ciappara believes a single regulator ensures greater security, since there is “a clear line of communication between the regulator and the banking system.” Basically, there is a single third-party entity in place to ensure that the bank is operating with the best practices.

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'Canada's a paragon of safe banking': Why Canada has had no bank failures since 2001, while the U.S. has had hundredsThe collapse of U.S. banks like [Silicon Valley
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