Canada’s top five banks received $114-billion in bailout money during the recession, according to a new report.

CIBC, BMO, Scotiabank, RBC, and TD Bank received money from both the Canadian and U.S. governments between October 2008 and July 2010.

During the downturn, the government boasted about the Canadian banking system but this report shows the opposite.

“We can’t learn from this crisis in terms of how to make our system more sound, if we don’t have the details of what happened,” David MacDonald, the author of the report, said.

The loans were equivalent to $3,400 for every man, woman and child in Canada. The loans have all been repaid.

The report comes from the Canadian Centre for Policy Alternatives, which is calling on the government to come clean on the details of the bailouts.