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Healthy and Wealthy

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"Not only do Canada's Big Six banks have diversified earnings streams, including wealth management, insurance and trading, but they also have benefited from a stricter regulatory regime than in the U.S. that kept their leverage in check during the structured-credit boom. That stood them in good stead during the 2008 crash. A healthier consumer debt profile compared with the U.S. also has played a role, as has a more conservative housing market where subprime loans are virtually nonexistent."