The Bank of Canada (BoC) published its Financial System Review (FSR) on Thursday.
The Bank of Canada published its Financial System Review on Thursday. Key Quotes from BoC GovernorTiff Macklem: Canada 's financial system remains resilient. There could be volatility in global markets as expectations shift about the scope and timing of rate cuts. Adjustment by financial institutions to higher rates and possible shocks has some way to go, presents risks to financial stability.
Highlights from BoC Senior Deputy Governor Carolyn Rogers: The financial health of large businesses appears solid, but smaller businesses are showing more signs of financial stress. Overall, evidence suggests households can continue servicing debt at higher rates. An increase in insolvency filings by smaller firms could be a normalization after years of below-average filings as pandemic supports expire.
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