Yeah, CDN banks got massive direct and indirect money from Ottawa: https://www.cbc.ca/news/business/banks-got-114b-from-governm...
Canada also had its own duration mis-match crisis with Asset-Backed Commercial Paper where debtors expected to just roll over the paper every 30-45 days... until they couldn't and it froze up. Took a decade to unwind.
https://www.advisor.ca/news/industry-news/lesson-to-learn-fr...
> There are no regional banks whatsoever
Sure there are. Laurentian Bank is almost entirely based in Quebec. National Bank of Canada has almost all of its branches in Ontario, Quebec and NB.
Then there are the credit unions which are almost entirely provincial (with a riskier backstop than that of US credit unions).