How did CANADA avoid BANKRUPTCY?

With thanks to VisualPolitik channel.

'Canada is one of the richest and most prosperous countries in the world, and has one of the highest levels of quality of life. However, things weren't always this good in Canada. Between the 80s and 90s the country suffered a severe crisis that shook its solvency. What happened? How did Canada recover enough to become the fashionable country it is today? Find out in this video.'