Explain three major differences between U.S. and Canadian banks.

1. Canada has less banks than the U.S.A. According to Business Insider, Canada has 85 banks versus in the United States there are 4,938.
2. Canada has never experienced a banking crisis since 1790 whereas the U.S.A has had 16 crises.Because the U.S.A political system has more control over banks, Canada has a more liberal system which prevents the political system to take control of the banking systems.
3. Need help with another reason...

Why has the Canadian banking system been more stable than the U.S. banking system?

Like i mentioned earlier, Canada's banking has been more stable than the US since we've has less bank crisis. Our system is more liberal.

Canadians are more cautious about using credit and instead use more debit vs U.S.A they use more credit and are more easy going with it.

**Briefly explain the fundamentals of money creation by Canadian chartered banks using the fundamentals of 'deposit creation'.** Need help with this question the MOST.