When she reflects on the banking crisis, one thing is clear to Scotiabank's Alberta Cefis: It has been a good time to work for a Canadian bank.

As large corporations and institutions across North America, unsettled by the U.S. banking industry's meltdown, scrambled to find a safe place for their money, Canada emerged as a haven. The country's stricter capital requirements, single-regulator system for banking oversight and minimum exposure to sub-prime loans drew depositors north of the border, and Cefis welcomed them.

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