IMF Staff Country Reports

Canada: Financial Sector Stability Assessment

Publication Date:

February 3, 2014

Electronic Access:

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Summary:

This report discusses key findings of the Financial Sector Stability Assessment on Canada. Canada’s financial system successfully navigated the global financial crisis, and stress tests suggest that major financial institutions would continue to be resilient to credit, liquidity, and contagion risks arising from a severe stress scenario. Elevated housing prices and high household debt remain an area of concern, though targeted prudential and macroprudential measures are proving to be effective. The regulatory and supervisory framework is strong, and is complemented by a credible federal system of safety nets.

Series:

Country Report No. 2014/029

Subject:

Banking Financial institutions Financial regulation and supervision Financial sector policy and analysis Insurance Insurance companies Mortgages Stress testing