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by panick21_
1050 days ago
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These numbers have strong historical reasons. The US had unit banking leading to a gigantic explosion in banks and this number has been going down as bank merge since the end of unit banking in the 30s. Canada on the other hand had branch banking, meaning a few insitution each covering the whole country. So Canada had very far fewer banks historically. During the Great Depression many 1000$ of banks failed in the US and none in Canada. |
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