*  *  *  Introduction It has been just over five years since the worst days of the global financial crisis, which began with the dramatic collapse of Lehman Brothers in September 2008. While the subsequent Great Recession officially ended in June 2009, it hardly seems over, given the slow-motion recovery of the global economy.
This is especially the case in Europe and the United States, where employment has not yet returned to pre-crisis levels. Looking back at Canada’s experience of the past five years, a key lesson from the crisis is that keeping our own house in order is not enough to shelter us from global financial storms.