Financial System Survey Highlights https://www.bankofcanada.ca/?p=202024 Increased materially_Percentage of respondents Percentage of respondents Increased slightly_Percentage of respondents Percentage of respondents Remain unchanged_Percentage of respondents Percentage of respondents Decreased slightly_Percentage of respondents Percentage of respondents Decreased materially_Percentage of respondents Percentage of respondents Completely confident_Percentage of respondents Percentage of respondents Very confident_Percentage of respondents Percentage of respondents Fairly confident_Percentage of respondents Percentage of respondents Not very confident_Percentage of respondents Percentage of respondents Not at all confident_Percentage of respondents Percentage of respondents Cyber attacks_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Cyber attacks_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Terrorism, fraud or natural disaster_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Terrorism, fraud or natural disaster_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Deterioration in the global economic outlook_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Deterioration in the global economic outlook_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Geopolitical risk_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Geopolitical risk_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Rising defaults in the household/corporate sector_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Rising defaults in the household/corporate sector_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Drops in residential/commercial property prices_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Drops in residential/commercial property prices_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Rising interest rates_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Rising interest rates_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Disruption of international trade or trade disputes_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Disruption of international trade or trade disputes_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Reduction in market liquidity_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Reduction in market liquidity_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Funding difficulties_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Funding difficulties_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Dislocation in securities markets_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Dislocation in securities markets_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three Disruption/failure of key market participants_Risks to the Canadian financial system Percentage of respondents who cited a given risk in their top three Disruption/failure of key market participants_Risks to firms’ own activities Percentage of respondents who cited a given risk in their top three 0 to 50 bps_House price correction in Canada (20% decline in prices over two years) Percentage of respondents who believe a given increase is enough to trigger the noted risk 0 to 50 bps_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents who believe a given increase is enough to trigger the noted risk 0 to 50 bps_Canadian equity market sell-off (20% or more) Percentage of respondents who believe a given increase is enough to trigger the noted risk 50 to 100 bps_House price correction in Canada (20% decline in prices over two years) Percentage of respondents who believe a given increase is enough to trigger the noted risk 50 to 100 bps_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents who believe a given increase is enough to trigger the noted risk 50 to 100 bps_Canadian equity market sell-off (20% or more) Percentage of respondents who believe a given increase is enough to trigger the noted risk 100 to 150 bps_House price correction in Canada (20% decline in prices over two years) Percentage of respondents who believe a given increase is enough to trigger the noted risk 100 to 150 bps_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents who believe a given increase is enough to trigger the noted risk 100 to 150 bps_Canadian equity market sell-off (20% or more) Percentage of respondents who believe a given increase is enough to trigger the noted risk 150 to 200 bps_House price correction in Canada (20% decline in prices over two years) Percentage of respondents who believe a given increase is enough to trigger the noted risk 150 to 200 bps_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents who believe a given increase is enough to trigger the noted risk 150 to 200 bps_Canadian equity market sell-off (20% or more) Percentage of respondents who believe a given increase is enough to trigger the noted risk 200 to 250 bps_House price correction in Canada (20% decline in prices over two years) Percentage of respondents who believe a given increase is enough to trigger the noted risk 200 to 250 bps_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents who believe a given increase is enough to trigger the noted risk 200 to 250 bps_Canadian equity market sell-off (20% or more) Percentage of respondents who believe a given increase is enough to trigger the noted risk 250 to 300 bps_House price correction in Canada (20% decline in prices over two years) Percentage of respondents who believe a given increase is enough to trigger the noted risk 250 to 300 bps_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents who believe a given increase is enough to trigger the noted risk 250 to 300 bps_Canadian equity market sell-off (20% or more) Percentage of respondents who believe a given increase is enough to trigger the noted risk 300 bps or higher_House price correction in Canada (20% decline in prices over two years) Percentage of respondents who believe a given increase is enough to trigger the noted risk 300 bps or higher_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents who believe a given increase is enough to trigger the noted risk 300 bps or higher_Canadian equity market sell-off (20% or more) Percentage of respondents who believe a given increase is enough to trigger the noted risk Very unlikely_House price correction in Canada (20% decline in prices over two years) Percentage of respondents Very unlikely_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents Very unlikely_Canadian equity market sell-off (20% or more) Percentage of respondents Unlikely_House price correction in Canada (20% decline in prices over two years) Percentage of respondents Unlikely_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents Unlikely_Canadian equity market sell-off (20% or more) Percentage of respondents Somewhat likely_House price correction in Canada (20% decline in prices over two years) Percentage of respondents Somewhat likely_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents Somewhat likely_Canadian equity market sell-off (20% or more) Percentage of respondents Likely_House price correction in Canada (20% decline in prices over two years) Percentage of respondents Likely_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents Likely_Canadian equity market sell-off (20% or more) Percentage of respondents Very likely_House price correction in Canada (20% decline in prices over two years) Percentage of respondents Very likely_Large increase in household defaults (increase in arrears similar to 1990–91) Percentage of respondents Very likely_Canadian equity market sell-off (20% or more) Percentage of respondents -150 to -100 bps_Average of respondents' estimates Percentage of respondents -100 to -50 bps_Average of respondents' estimates Percentage of respondents -50 to 0 bps_Average of respondents' estimates Percentage of respondents 0 to 50 bps_Average of respondents' estimates Percentage of respondents 50 to 100 bps_Average of respondents' estimates Percentage of respondents 100 to 150 bps_Average of respondents' estimates Percentage of respondents 150 to 200 bps_Average of respondents' estimates Percentage of respondents 200 to 250 bps_Average of respondents' estimates Percentage of respondents 250 to 300 bps_Average of respondents' estimates Percentage of respondents 300 bps or higher_Average of respondents' estimates Percentage of respondents Machine learning/artificial intelligence_Percentage of respondents Percentage of respondents who cited a given innovation in their top three Big data _Percentage of respondents Percentage of respondents who cited a given innovation in their top three Blockchain_Percentage of respondents Percentage of respondents who cited a given innovation in their top three Robo-advisors_Percentage of respondents Percentage of respondents who cited a given innovation in their top three Digitalization and automation_Percentage of respondents Percentage of respondents who cited a given innovation in their top three Systematic trading strategies _Percentage of respondents Percentage of respondents who cited a given innovation in their top three Open banking/aggregators_Percentage of respondents Percentage of respondents who cited a given innovation in their top three Digital currencies_Percentage of respondents Percentage of respondents who cited a given innovation in their top three Digital wallets_Percentage of respondents Percentage of respondents who cited a given innovation in their top three Securitization_Percentage of respondents Percentage of respondents who cited a given innovation in their top three Peer-to-peer lending_Percentage of respondents Percentage of respondents who cited a given innovation in their top three 7.895.2615.7926.3215.7915.7928.9542.1150.0026.3228.9513.1610.537.8910.2628.217.695.1310.2617.9530.7723.0830.770.888.048.0410.7110.7113.3924.118.0421.4342.8648.2166.9623.080.391.683.7413.4928.8935.738.944.021.485.2639.3912.509.0920.0027.2720.0018.1830.0021.2137.5018.187.5015.1552.500.004.8841.4648.784.880.004.8851.2243.900.0023.0825.6417.9510.265.1312.825.1312.820.000.000.0012.1210.0018.185.0021.215.0030.3012.506.067.50