Financial System Review

  • December 6, 2012 Financial System Review - December 2012

    Financial System Review - December 2012
    The Governing Council judges that the risks to the stability of Canada’s financial system remain high, as they were at the time of the June FSR. The sources of the key risks are similar to those highlighted in June, and emanate primarily from the external environment.
  • June 14, 2012 Financial System Review - June 2012

    Financial System Review - June 2012

    In this issue of the Financial System Review, the Governing Council judges that the risks to the stability of Canada’s financial system remain high, as in December. The sources of the key risks are broadly the same as those highlighted at that time and emanate primarily from the external environment.

    Errata: The colour labels for Chart 11 in the June 2012 issue and for Chart 12 in the December 2011 isssue were defined incorrectly. See revised charts.

  • December 8, 2011 Financial System Review - December 2011

    Financial System Review - December 2011

    In this issue of the Financial System Review, the Bank of Canada’s Governing Council judges that the risks to the stability of Canada’s financial system are high and have increased markedly over the past six months, owing primarily to an escalation of the sovereign debt crisis in the euro area and a weaker global economic outlook.

    Erratum: The data for Chart 7 on page 8 were plotted incorrectly. See revised chart.

  • June 22, 2011 Financial System Review - June 2011

    Financial System Review - June 2011
    In this issue of the Financial System Review, the Bank of Canada’s Governing Council judges that, although the Canadian finan­cial system is currently on a sound footing, risks to its stability remain elevated and have edged higher since December 2010.
  • December 9, 2010 Financial System Review - December 2010

    Financial System Review - December 2010

    Although the global financial system continues to recover gradually from the unprecedented dislocations experienced in recent years, significant downside risks remain. Market concerns over acute fiscal strains in some euro-area countries have intensified sharply in recent weeks.

    FSR Highlights - December 2010

  • June 20, 2010 Financial System Review - June 2010

    Financial System Review - June 2010
    Risks to the stability of both the Canadian and the global financial systems appeared to be diminishing for most of the period since the last Financial System Review (FSR), as the recovery in financial conditions and the macroeconomic environment continued to solidify.

    FSR Highlights - June 2010

  • December 14, 2009 Financial System Review - December 2009

    Financial System Review - December 2009
    Conditions in the international financial system have improved considerably since June in response to the forceful actions taken by policy-makers around the world.

    FSR Highlights - December 2009

  • June 21, 2009 Financial System Review - June 2009

    Financial System Review - June 2009

    Policy-makers around the world met the intensification of the global financial crisis at the end of 2008 with a forceful response aimed at restoring confidence in the global financial system, promoting the flow of credit, and supporting economic activity.

    FSR Highlights - June 2009

    Erratum: Legends for Chart 13 on page 15 of the June 2009 issue should read: Argentina (right scale), Mexico (left scale). See revised chart.

  • December 21, 2008 Financial System Review - December 2008

    Financial System Review - December 2008
    The turmoil in global financial markets entered a new phase in September, moving to a more acute and broad-based loss of confidence in the context of a series of failures and near-failures of large financial institutions in the United States and Europe.

    FSR Highlights - December 2008

  • June 21, 2008 Financial System Review - June 2008

    Financial System Review - June 2008

    Although there has been some improvement in conditions over the past several weeks, strains in global credit markets have broadened since December.

    FSR Highlights - June 2008

    Errata: Some factual errors in the June report "Bank of Canada Oversight Activities during 2007 under the Payment Clearing and Settlement Act" have been corrected. They concern (i) clarification of the U.S. Federal Reserve as lead overseer of CLS Bank and (ii) the steps taken by CDS on 14 August 2007 to assist issuers and participants holding defaulted ABCP.

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