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with a collapse of three American Banks this last week Canadians are now wondering what would happen if a Canadian Bank failed and the answer to that question actually lies in Canadas more socialist-like political policies because unlike the American system which is set up primarily for capitalism Canadas banks have very much been set up to protect Canadians in the unlikely event that something bad were to happen and during the Great Depression the first and the second world wars and the oil crisis of the 1970s not one single major Bank in Canada has collapsed however there have been bank failures the most recent being the failure of calgary-based security Home Mortgage corporation which happened in 1996. so it has been quite some time since a bank in Canada has failed however that doesnt mean that there arent going to be bank failures in our future and in this video Im going to discuss how certain types of bank failures would be handled depending on the type of bank that failed a