It will give us the tools to support Canada’s economic and financial well-being for the next 80 years and beyond. 19  J. Muellbauer, P. St-Amant and D. Williams, “Credit Conditions and Consumption, House Prices and Debt: What Makes Canada Different?” Staff Working Paper No.
Under APRA’s leadership, Australian banks were held to much higher standards of resilience than many of their international counterparts. The banks remained profitable and well capitalised. Loan performance did deteriorate during the crisis period, but nowhere near as much as it did in the North Atlantic economies.