October 17, 2017 Panel Participation by Carolyn A. Wilkins, Senior Deputy Governor of the Bank of CanadaOn Tuesday, October 17, 2017, Bank of Canada Senior Deputy Governor Carolyn A. Wilkins will participate in a panel discussion at Sibos 2017 Toronto, an annual conference hosted by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
The Bank’s internal credit risk assessment abilities are regularly enhanced. In this note, we present a recent innovation that extends the set of market-based indicators used in the credit risk assessment of financial counterparties.
In this note, we find that valuation effects can act as an important stabilizer, strengthening Canada’s net external wealth when its economic outlook worsens relative to that of other countries.
Since the 2016 summer survey, the results from a question on future sales indicators (FSI) have been included in the Business Outlook Survey (BOS). This backgrounder briefly describes the question and presents the correlations between the responses and various measures of business activity.