[merrylander]

Well I already went through the mortgage system so that is covered. Because Derivatives are a nono up north there was no need for a bank bailout. Banking laws there allow for any bank to have one head office and branches throughout the country, Royal Bank has over 2oo branches across Canada. As a result there are few but very large banks, Royal Bank of Canada, Toronto Dominion (TD down here), Canadian Imperial Bank of Commerce or CIBC, Bank of Montreal, Bank of Nova Scotia (Scotiabank), and Banque Canadian National (mainly in Quebec. There are other smaller banks and some foreign banks operate there as well, but these are the big boys.

Unions stand a better chance of survival there so there are a larger number of employees with collective bargaining. Companies that provide pension plans are required to see that they remain solvent, no United Airlines phoney bankruptcies to get out from under. Salary spread between management and staff is a much less obscene ratio than the one that prevails here.