Canada: Selected Issues
Electronic Access:
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Summary:
This Selected Issues paper on Canada examines economic development and policies. Capital ratios before the crisis have been a key determinant of bank performance during the turmoil; and Canadian banks had ample capital. Specifically, most banks with critically low capital at end-2006 later experienced dramatic equity value declines, and many had to be rescued. Regulatory and structural factors contributed to the resilience of Canadian banks by reducing their incentives to take risks.
Series:
Country Report No. 2009/163
Subject:
Banking Commodities Commodity prices Financial crises Financial institutions Housing prices Mortgages Prices
English
Publication Date:
May 22, 2009
ISBN/ISSN:
9781451807097/1934-7685
Stock No:
1CANEA2009002
Pages:
19
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