Bank failures haven’t happened often in Canada.
The Canada Deposit Insurance Corporation (CDIC), which insures deposits in Canadian banks, last handled one in the mid-1990s, and the Crown corporation has dealt with only 43 such incidents since it was established in 1967.
By contrast, the United States has seen more than 500 failures since 2000 — including the collapse of Silicon Valley Bank and Signature Bank last month.
Experts say these kinds of episodes are less likely to occur in Canada, with strict banking regulations and a group of big, well-capitalized banks at the core of the sector.
The federal Department of Finance said in a statement emailed to CBC News
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