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Canadian banks face C$152b bill for 2008 crisis they avoided

The banks are still subject to new rules even though Canada never had to provide bailouts during the financial crisis

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Canadian banks are starting to get their share of the bill for global regulations designed to prevent a repeat of the taxpayer funded bailouts of the 2008 financial crisis.

Toronto

CANADIAN banks are starting to get their share of the bill for global regulations designed to prevent a repeat of the taxpayer funded bailouts of the 2008 financial crisis.

Over the next five years the nation's six largest banks will need to convert C$152 billion (S$162

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