Recently, Mark Carney sat back and failed to negate the claim that he deserved credit&nbsp;for having saved Canadian banks from the misadventures of our American neighbours during the 2008 financial crisis. Carney can claim no such credit. In actuality, there are historical reasons for Canada’s lack of vulnerability to such financial upsets, including a divergent institutional pathway and regulatory changes recommended by Canadian Supreme Court Judge Willard Estey that safe-guarded Canada’s banking system from the financial crisis.

Banking system was stable for decades, thanks to historical regulations{ai:summary}Mark Carney's assertion of credit for protecting Canadian banks during the 2008 financial crisis is unfounded. Canada's resilience stemmed from historical factors, including a distinct regulatory framework and changes recommended by Judge Willard Estey that fortified the banking system.Carney's claims overlook these critical elements that contributed to Canada's stability during the crisis. #economy

Terry Newman: Carney did not protect Canadians from the 2008 financial crisis

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