Renee Haltom of Richmond Fed has a nice short note on the topic. Though much was covered by Bordo et al in this paper and the Halton summarises their idea broadly.
The main thing is that Canada’s banking system evolved very differently. The banks were large and relatively well divsrsfied which meant that if one sector went down, the banks would remain fine. In Us banks were much smaller and large in number as there was restriction on branching in other states. Even Fed did not address this issue of unit banking and it went all the way till 1990s when this restriction was removed.
Other things in Canada were:
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Utopia, you are standing in it! 
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