Banking and Financial Statistics

A comprehensive package of Canadian data. Published monthly.

Note for users on impact of IFRS standards on Banking and Financial Statistics.

Beginning January 2011, the Canadian Accounting Standards Board (AcSB) adopted International Financial Reporting Standards (IFRS). Financial institutions adopting IFRS converted at the start of their first fiscal year following 31 December 2010. For the chartered banks and other financial institutions’ balance sheet and credit measures data presented in the Banking and Financial Statistics (C, D and E tables), the most significant effect relates to the inclusion of securitized loans on balance sheet, which were previously shown as loans held by Special Purpose Corporations or NHA mortgage-backed securities. This reallocation of credit primarily affects the January and November 2011 reference months. For the monetary aggregates presented in the Banking and Financial Statistics (E tables), the most significant effect relates to the chartered banks’ reclassification of deposit liabilities to other liabilities, which resulted in decreases in deposit liabilities, and therefore historical continuity adjustments were applied to the monetary aggregates for the period February 1998 to October 2011.