May 28, 2026 Financial System Survey highlights—2026 This article presents the key results from the 2026 Bank of Canada Financial System Survey, conducted between February 23 and March 13. The survey included a special section on the use and risks of artificial intelligence (AI). Content Type(s): Publications, Financial System Survey
May 28, 2026 Financial Stability Report—2026—In focus—A financial market correction could worsen the effects of an oil shock The war in the Middle East has pushed up oil prices, putting pressure on inflation. In a situation where geopolitical tensions trigger a severe tightening in financial conditions, the resilience of the financial system could be tested.
May 28, 2026 Financial Stability Report—2026 Tiff Macklem, Carolyn Rogers, Toni Gravelle, Sharon Kozicki, Nicolas Vincent, Michelle Alexopoulos Canada’s financial system has functioned well through a challenging year. Households and businesses remain in stable financial condition, and banks have strengthened their capacity to absorb shocks. However, vulnerabilities have increased in some parts of the system, and a more turbulent global environment poses risks to financial stability. Content Type(s): Publications, Financial Stability Report
May 28, 2026 Financial Stability Report—2026—Households Overall, Canadian households have proven resilient. But debt levels are elevated, and some pockets of stress remain. The potential impact on employment from ongoing trade uncertainty and geopolitical conflicts is a key concern.
May 28, 2026 Financial Stability Report—2026—Non-bank financial intermediaries Hedge funds have continued to increase their repo borrowing. While their activity supports market efficiency and liquidity, it could leave fixed‑income markets more vulnerable to the risk of a sudden sell‑off.
May 28, 2026 Release: Financial Stability Report and Financial System Survey 10:00 (ET) An assessment of potential risks to the stability of Canada's financial system. The Governor and Senior Deputy Governor will hold a press conference at 11:00 to discuss the contents of the Report. Content Type(s): Upcoming events
May 28, 2026 Financial Stability Report—2026—Banks Canada’s large banks have grown more resilient. They remain well positioned to support the economy and the financial system even if conditions deteriorate.
May 28, 2026 Financial Stability Report—2026—In focus—Rapid growth in private credit has created vulnerabilities Globally, private credit lending has expanded rapidly and become increasingly connected to the broader financial system. Complex structures, limited transparency and the fact that private credit is untested in a downturn make it difficult to predict how the sector might amplify shocks.
May 28, 2026 The Bank of Canada releases the 2026 Financial Stability Report The Financial Stability Report will be released on Thursday, May 28, 2026. Content Type(s): Press, Media advisories
May 28, 2026 Financial Stability Report—2026—Financial markets The war in the Middle East has led to periods of increased volatility and reduced liquidity in certain markets, particularly in energy. Nevertheless, markets have generally remained resilient. Equity valuations are still elevated, and credit spreads are compressed.