Critically examine the factors that account for the recent financial crisis in the United States and identify institutions, communities and sectors of the economy that were affected by the recession.

Critically examine the factors that account for the recent financial crisis in the United States and identify institutions, communities and sectors of the economy that were affected by the recession. Explain how and why this financial problem spread to Canada and the rest of the world and recommend measures for Canada to reduce its overreliance on the United States’ economy.