March 28, 2023

Why Canadian Banks Don't Fail (Anymore)

Bank runs have been back in the news of late, but not in Canada. Here, our banking system appears to be doing just fine—as it has through every economic crisis in recent memory. Why is that? Financial historian John Turley-Ewart joins us to tell the story of how Canada's banking system came to be, why it has proven to be less vulnerable to bank runs than the US model, and whether Canadians have anything to worry about as banks in other countries collapse.