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Jun

09

Bank of Canada June Financial System Review Summary (Text)

By Tony Seruga

Following is the press release accompanying the Bank of Canada’s Financial System Review. The statement was released Thursday in Ottawa.

Overall risks to financial stability are largely unchanged, but household vulnerabilities have moved higher

The overall level of risk to Canada’s financial system is largely unchanged from six months ago, the Bank of Canada said today in its biannual Financial System Review (FSR). While household vulnerabilities have moved higher, the ongoing economic recovery in Canada means that the overall risk remains the same. The Canadian financial system is resilient and functioning effectively…

Bank of Canada June Financial System Review Summary (Text)

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