<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>FSS 2026</label>
    <description><![CDATA[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).]]></description>
    <link>https://www.bankofcanada.ca/?p=253428</link>
</groupDetail>
<seriesDetail>
<series id="FSS_2026_C1_S1">
<label>Respondents that completed the 2026 Financial System Survey</label>
<description>Respondents that completed the 2026 Financial System Survey</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C2_S1">
<label>Not at all likely (left scale)</label>
<description>Not at all likely (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C2_S2">
<label>Slightly likely (left scale)</label>
<description>Slightly likely (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C2_S3">
<label>Somewhat likely (left scale)</label>
<description>Somewhat likely (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C2_S4">
<label>Moderately likely (left scale)</label>
<description>Moderately likely (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C2_S5">
<label>Extremely likely (left scale)</label>
<description>Extremely likely (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C2_S6">
<label>Risk index (right scale)</label>
<description>Risk index (right scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C3_S1">
<label>Not at all confident (left scale)</label>
<description>Not at all confident (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C3_S2">
<label>Not very confident (left scale)</label>
<description>Not very confident (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C3_S3">
<label>Fairly confident (left scale)</label>
<description>Fairly confident (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C3_S4">
<label>Very confident (left scale)</label>
<description>Very confident (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C3_S5">
<label>Completely confident (left scale)</label>
<description>Completely confident (left scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C3_S6">
<label>Confidence index (right scale)</label>
<description>Confidence index (right scale)</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C4_S1">
<label>2026</label>
<description>2026</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C4_S2">
<label>2025</label>
<description>2025</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C4_S3">
<label>2024</label>
<description>2024</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C4_S4">
<label>2023</label>
<description>2023</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C5_S1">
<label>Use index</label>
<description>Use index</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C6_S1">
<label>Banks, broker-dealers and credit unions</label>
<description>Banks, broker-dealers and credit unions</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C6_S2">
<label>Pension funds</label>
<description>Pension funds</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C6_S3">
<label>Investment fund managers</label>
<description>Investment fund managers</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C6_S4">
<label>Insurance corporations</label>
<description>Insurance corporations</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C6_S5">
<label>Others</label>
<description>Others</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C7_S1">
<label>Risk index</label>
<description>Risk index</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C8_S1">
<label>Number of mentions</label>
<description>Number of mentions</description>
<dimension key="k" name="Category"/>
</series>
<series id="FSS_2026_C9_S1">
<label>Number of mentions</label>
<description>Number of mentions</description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Banks, dealers and credit unions"><v s="FSS_2026_C1_S1">28</v></o>
<o k="Pension funds"><v s="FSS_2026_C1_S1">22</v></o>
<o k="Investment fund managers"><v s="FSS_2026_C1_S1">20</v></o>
<o k="Insurance corporations"><v s="FSS_2026_C1_S1">9</v></o>
<o k="Others"><v s="FSS_2026_C1_S1">20</v></o>
<o k="Short-term (less than one year)|Autumn 2021 survey"><v s="FSS_2026_C2_S1">35.00</v><v s="FSS_2026_C2_S2">51.67</v><v s="FSS_2026_C2_S3">10.00</v><v s="FSS_2026_C2_S4">3.33</v><v s="FSS_2026_C2_S5">0.00</v><v s="FSS_2026_C2_S6">0.82</v></o>
<o k="Short-term (less than one year)|Spring 2022 survey"><v s="FSS_2026_C2_S1">11.54</v><v s="FSS_2026_C2_S2">46.15</v><v s="FSS_2026_C2_S3">23.08</v><v s="FSS_2026_C2_S4">19.23</v><v s="FSS_2026_C2_S5">0.00</v><v s="FSS_2026_C2_S6">1.50</v></o>
<o k="Short-term (less than one year)|2023 survey"><v s="FSS_2026_C2_S1">19.30</v><v s="FSS_2026_C2_S2">54.39</v><v s="FSS_2026_C2_S3">21.05</v><v s="FSS_2026_C2_S4">5.26</v><v s="FSS_2026_C2_S5">0.00</v><v s="FSS_2026_C2_S6">1.12</v></o>
<o k="Short-term (less than one year)|2024 survey"><v s="FSS_2026_C2_S1">33.90</v><v s="FSS_2026_C2_S2">54.24</v><v s="FSS_2026_C2_S3">10.17</v><v s="FSS_2026_C2_S4">0.00</v><v s="FSS_2026_C2_S5">1.69</v><v s="FSS_2026_C2_S6">0.81</v></o>
<o k="Short-term (less than one year)|2025 survey"><v s="FSS_2026_C2_S1">16.39</v><v s="FSS_2026_C2_S2">42.62</v><v s="FSS_2026_C2_S3">19.67</v><v s="FSS_2026_C2_S4">14.75</v><v s="FSS_2026_C2_S5">6.56</v><v s="FSS_2026_C2_S6">1.52</v></o>
<o k="Short-term (less than one year)|2026 survey"><v s="FSS_2026_C2_S1">25.93</v><v s="FSS_2026_C2_S2">59.26</v><v s="FSS_2026_C2_S3">9.26</v><v s="FSS_2026_C2_S4">5.56</v><v s="FSS_2026_C2_S5">0.00</v><v s="FSS_2026_C2_S6">0.94</v></o>
<o k="Medium-term (one to three years)|Autumn 2021 survey"><v s="FSS_2026_C2_S1">13.33</v><v s="FSS_2026_C2_S2">48.33</v><v s="FSS_2026_C2_S3">25.00</v><v s="FSS_2026_C2_S4">11.67</v><v s="FSS_2026_C2_S5">1.67</v><v s="FSS_2026_C2_S6">1.40</v></o>
<o k="Medium-term (one to three years)|Spring 2022 survey"><v s="FSS_2026_C2_S1">7.69</v><v s="FSS_2026_C2_S2">53.85</v><v s="FSS_2026_C2_S3">21.15</v><v s="FSS_2026_C2_S4">13.46</v><v s="FSS_2026_C2_S5">3.85</v><v s="FSS_2026_C2_S6">1.52</v></o>
<o k="Medium-term (one to three years)|2023 survey"><v s="FSS_2026_C2_S1">12.28</v><v s="FSS_2026_C2_S2">43.86</v><v s="FSS_2026_C2_S3">28.07</v><v s="FSS_2026_C2_S4">15.79</v><v s="FSS_2026_C2_S5">0.00</v><v s="FSS_2026_C2_S6">1.47</v></o>
<o k="Medium-term (one to three years)|2024 survey"><v s="FSS_2026_C2_S1">11.86</v><v s="FSS_2026_C2_S2">55.93</v><v s="FSS_2026_C2_S3">22.03</v><v s="FSS_2026_C2_S4">8.47</v><v s="FSS_2026_C2_S5">1.69</v><v s="FSS_2026_C2_S6">1.32</v></o>
<o k="Medium-term (one to three years)|2025 survey"><v s="FSS_2026_C2_S1">6.67</v><v s="FSS_2026_C2_S2">43.33</v><v s="FSS_2026_C2_S3">30.00</v><v s="FSS_2026_C2_S4">16.67</v><v s="FSS_2026_C2_S5">3.33</v><v s="FSS_2026_C2_S6">1.67</v></o>
<o k="Medium-term (one to three years)|2026 survey"><v s="FSS_2026_C2_S1">9.26</v><v s="FSS_2026_C2_S2">50.00</v><v s="FSS_2026_C2_S3">25.93</v><v s="FSS_2026_C2_S4">14.81</v><v s="FSS_2026_C2_S5">0.00</v><v s="FSS_2026_C2_S6">1.46</v></o>
<o k="Spring 2018"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">9.23</v><v s="FSS_2026_C3_S3">38.46</v><v s="FSS_2026_C3_S4">47.69</v><v s="FSS_2026_C3_S5">4.62</v><v s="FSS_2026_C3_S6">2.48</v></o>
<o k="Autumn 2018"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">4.88</v><v s="FSS_2026_C3_S3">41.46</v><v s="FSS_2026_C3_S4">48.78</v><v s="FSS_2026_C3_S5">4.88</v><v s="FSS_2026_C3_S6">2.54</v></o>
<o k="Spring 2019"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">5.41</v><v s="FSS_2026_C3_S3">40.54</v><v s="FSS_2026_C3_S4">43.24</v><v s="FSS_2026_C3_S5">10.81</v><v s="FSS_2026_C3_S6">2.59</v></o>
<o k="Autumn 2019"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">0.00</v><v s="FSS_2026_C3_S3">48.94</v><v s="FSS_2026_C3_S4">48.94</v><v s="FSS_2026_C3_S5">2.13</v><v s="FSS_2026_C3_S6">2.53</v></o>
<o k="Autumn 2020"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">2.13</v><v s="FSS_2026_C3_S3">51.06</v><v s="FSS_2026_C3_S4">40.43</v><v s="FSS_2026_C3_S5">6.38</v><v s="FSS_2026_C3_S6">2.51</v></o>
<o k="Spring 2021"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">3.57</v><v s="FSS_2026_C3_S3">57.14</v><v s="FSS_2026_C3_S4">37.50</v><v s="FSS_2026_C3_S5">1.79</v><v s="FSS_2026_C3_S6">2.38</v></o>
<o k="Autumn 2021"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">3.33</v><v s="FSS_2026_C3_S3">36.67</v><v s="FSS_2026_C3_S4">48.33</v><v s="FSS_2026_C3_S5">11.67</v><v s="FSS_2026_C3_S6">2.68</v></o>
<o k="Spring 2022"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">0.00</v><v s="FSS_2026_C3_S3">32.69</v><v s="FSS_2026_C3_S4">61.54</v><v s="FSS_2026_C3_S5">5.77</v><v s="FSS_2026_C3_S6">2.73</v></o>
<o k="2023"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">1.75</v><v s="FSS_2026_C3_S3">26.32</v><v s="FSS_2026_C3_S4">66.67</v><v s="FSS_2026_C3_S5">5.26</v><v s="FSS_2026_C3_S6">2.75</v></o>
<o k="2024"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">3.39</v><v s="FSS_2026_C3_S3">23.73</v><v s="FSS_2026_C3_S4">64.41</v><v s="FSS_2026_C3_S5">8.47</v><v s="FSS_2026_C3_S6">2.78</v></o>
<o k="2025"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">3.28</v><v s="FSS_2026_C3_S3">29.51</v><v s="FSS_2026_C3_S4">57.38</v><v s="FSS_2026_C3_S5">9.84</v><v s="FSS_2026_C3_S6">2.74</v></o>
<o k="2026"><v s="FSS_2026_C3_S1">0.00</v><v s="FSS_2026_C3_S2">0.00</v><v s="FSS_2026_C3_S3">33.33</v><v s="FSS_2026_C3_S4">55.56</v><v s="FSS_2026_C3_S5">11.11</v><v s="FSS_2026_C3_S6">2.78</v></o>
<o k="International economic and political risks"><v s="FSS_2026_C4_S1">1.45</v><v s="FSS_2026_C4_S2">1.43</v><v s="FSS_2026_C4_S3">0.84</v><v s="FSS_2026_C4_S4">0.88</v></o>
<o k="External risks (e.g., cyber attack, terrorism)"><v s="FSS_2026_C4_S1">0.99</v><v s="FSS_2026_C4_S2">0.87</v><v s="FSS_2026_C4_S3">1.27</v><v s="FSS_2026_C4_S4">0.79</v></o>
<o k="Asset pricing risks"><v s="FSS_2026_C4_S1">0.76</v><v s="FSS_2026_C4_S2">0.57</v><v s="FSS_2026_C4_S3">0.42</v><v s="FSS_2026_C4_S4">0.53</v></o>
<o k="Market liquidity risks"><v s="FSS_2026_C4_S1">0.58</v><v s="FSS_2026_C4_S2">0.40</v><v s="FSS_2026_C4_S3">0.69</v><v s="FSS_2026_C4_S4">0.56</v></o>
<o k="Domestic macroeconomic risks"><v s="FSS_2026_C4_S1">0.54</v><v s="FSS_2026_C4_S2">0.63</v><v s="FSS_2026_C4_S3">0.50</v><v s="FSS_2026_C4_S4">0.61</v></o>
<o k="Real estate sector risks"><v s="FSS_2026_C4_S1">0.26</v><v s="FSS_2026_C4_S2">0.33</v><v s="FSS_2026_C4_S3">0.57</v><v s="FSS_2026_C4_S4">0.33</v></o>
<o k="Funding risks"><v s="FSS_2026_C4_S1">0.26</v><v s="FSS_2026_C4_S2">0.28</v><v s="FSS_2026_C4_S3">0.31</v><v s="FSS_2026_C4_S4">0.40</v></o>
<o k="Operational risks (excluding cyber attacks)"><v s="FSS_2026_C4_S1">0.25</v><v s="FSS_2026_C4_S2">0.28</v><v s="FSS_2026_C4_S3">0.35</v><v s="FSS_2026_C4_S4">0.49</v></o>
<o k="Strategic risks"><v s="FSS_2026_C4_S1">0.25</v><v s="FSS_2026_C4_S2">0.38</v><v s="FSS_2026_C4_S3">0.33</v><v s="FSS_2026_C4_S4">0.26</v></o>
<o k="Regulatory risks"><v s="FSS_2026_C4_S1">0.15</v><v s="FSS_2026_C4_S2">0.22</v><v s="FSS_2026_C4_S3">0.30</v><v s="FSS_2026_C4_S4">0.30</v></o>
<o k="Information gathering and analysis (e.g., analyze text and datasets)"><v s="FSS_2026_C5_S1">3.71</v></o>
<o k="Internal operations (e.g., document processing, automation)"><v s="FSS_2026_C5_S1">3.57</v></o>
<o k="Support or automate investment, trading and lending decisions"><v s="FSS_2026_C5_S1">1.45</v></o>
<o k="Risk monitoring and compliance (e.g., fraud prevention, anti-money laundering, stress testing)"><v s="FSS_2026_C5_S1">1.06</v></o>
<o k="General use and productivity"><v s="FSS_2026_C5_S1">0.63</v></o>
<o k="Deliver customer service"><v s="FSS_2026_C5_S1">0.59</v></o>
<o k="Software development and IT enablement"><v s="FSS_2026_C5_S1">0.37</v></o>
<o k="Market infrastructure or clearing and settlements"><v s="FSS_2026_C5_S1">0.04</v></o>
<o k="Investment management and research"><v s="FSS_2026_C6_S1">2</v><v s="FSS_2026_C6_S2">11</v><v s="FSS_2026_C6_S3">6</v><v s="FSS_2026_C6_S4">1</v><v s="FSS_2026_C6_S5">2</v></o>
<o k="Operations and back office processes"><v s="FSS_2026_C6_S1">6</v><v s="FSS_2026_C6_S2">2</v><v s="FSS_2026_C6_S3">4</v><v s="FSS_2026_C6_S4">2</v><v s="FSS_2026_C6_S5">3</v></o>
<o k="Financial crime prevention (e.g., fraud, anti-money laundering)"><v s="FSS_2026_C6_S1">8</v><v s="FSS_2026_C6_S2">1</v><v s="FSS_2026_C6_S4">1</v><v s="FSS_2026_C6_S5">1</v></o>
<o k="Employee productivity and internal support"><v s="FSS_2026_C6_S1">3</v><v s="FSS_2026_C6_S2">3</v><v s="FSS_2026_C6_S3">1</v><v s="FSS_2026_C6_S4">2</v><v s="FSS_2026_C6_S5">2</v></o>
<o k="Customer service and client interaction"><v s="FSS_2026_C6_S1">3</v><v s="FSS_2026_C6_S2">1</v><v s="FSS_2026_C6_S3">2</v><v s="FSS_2026_C6_S4">3</v><v s="FSS_2026_C6_S5">2</v></o>
<o k="Risk management and stress testing"><v s="FSS_2026_C6_S1">4</v><v s="FSS_2026_C6_S2">3</v><v s="FSS_2026_C6_S3">1</v><v s="FSS_2026_C6_S4">1</v><v s="FSS_2026_C6_S5">1</v></o>
<o k="Lending, underwriting and credit"><v s="FSS_2026_C6_S1">5</v><v s="FSS_2026_C6_S2">2</v><v s="FSS_2026_C6_S4">1</v><v s="FSS_2026_C6_S5">2</v></o>
<o k="Technology and software development"><v s="FSS_2026_C6_S1">1</v><v s="FSS_2026_C6_S2">3</v><v s="FSS_2026_C6_S4">1</v><v s="FSS_2026_C6_S5">4</v></o>
<o k="Compliance, regulatory monitoring and legal"><v s="FSS_2026_C6_S1">2</v><v s="FSS_2026_C6_S2">4</v><v s="FSS_2026_C6_S3">1</v><v s="FSS_2026_C6_S5">2</v></o>
<o k="Data management and analytics"><v s="FSS_2026_C6_S1">2</v><v s="FSS_2026_C6_S2">2</v><v s="FSS_2026_C6_S3">2</v><v s="FSS_2026_C6_S5">1</v></o>
<o k="Enterprise-wide and cross-functional use"><v s="FSS_2026_C6_S1">2</v><v s="FSS_2026_C6_S3">1</v><v s="FSS_2026_C6_S4">1</v><v s="FSS_2026_C6_S5">2</v></o>
<o k="Sales, marketing and business development"><v s="FSS_2026_C6_S1">1</v><v s="FSS_2026_C6_S3">1</v><v s="FSS_2026_C6_S5">2</v></o>
<o k="Cyber security"><v s="FSS_2026_C6_S1">1</v></o>
<o k="Data quality, bias or representativeness"><v s="FSS_2026_C7_S1">2.51</v></o>
<o k="Cyber security or data privacy"><v s="FSS_2026_C7_S1">2.51</v></o>
<o k="Model risk or lack of explainability or interpretability"><v s="FSS_2026_C7_S1">2.29</v></o>
<o k="Inadequate governance, oversight or accountability"><v s="FSS_2026_C7_S1">1.39</v></o>
<o k="Operational risk (e.g., errors, outages or overreliance on automation)"><v s="FSS_2026_C7_S1">1.18</v></o>
<o k="Risk of dependency on a third party or vendor"><v s="FSS_2026_C7_S1">0.84</v></o>
<o k="Legal or liability risk"><v s="FSS_2026_C7_S1">0.75</v></o>
<o k="Regulatory or compliance uncertainty"><v s="FSS_2026_C7_S1">0.75</v></o>
<o k="Reputational risk"><v s="FSS_2026_C7_S1">0.49</v></o>
<o k="Other"><v s="FSS_2026_C7_S1">0.10</v><v s="FSS_2026_C9_S1">1</v></o>
<o k="Financial risk"><v s="FSS_2026_C7_S1">0.08</v></o>
<o k="Governance maturity"><v s="FSS_2026_C8_S1">17</v></o>
<o k="Skills and AI literacy"><v s="FSS_2026_C8_S1">16</v></o>
<o k="Technology outpacing best practices and industry standards"><v s="FSS_2026_C8_S1">14</v></o>
<o k="No hurdles"><v s="FSS_2026_C8_S1">9</v></o>
<o k="Data privacy and safe use"><v s="FSS_2026_C8_S1">6</v></o>
<o k="Regulatory expectations"><v s="FSS_2026_C8_S1">6</v></o>
<o k="Change management and culture"><v s="FSS_2026_C8_S1">5</v></o>
<o k="Cost and resources"><v s="FSS_2026_C8_S1">5</v></o>
<o k="No hurdles due to limited AI use"><v s="FSS_2026_C8_S1">5</v></o>
<o k="Overreliance on AI or insufficient guardrails"><v s="FSS_2026_C8_S1">4</v></o>
<o k="Third-party reliance or vendor risk"><v s="FSS_2026_C8_S1">3</v></o>
<o k="Still building AI capacity"><v s="FSS_2026_C8_S1">2</v></o>
<o k="Model risk, opacity and overreliance"><v s="FSS_2026_C9_S1">23</v></o>
<o k="Cyber security and fraud"><v s="FSS_2026_C9_S1">23</v></o>
<o k="Governance and regulatory lags"><v s="FSS_2026_C9_S1">19</v></o>
<o k="Third-party and concentration risks"><v s="FSS_2026_C9_S1">18</v></o>
<o k="Operational risk and resilience"><v s="FSS_2026_C9_S1">17</v></o>
<o k="Slow adoption and reduced competitiveness"><v s="FSS_2026_C9_S1">14</v></o>
<o k="Data governance and privacy"><v s="FSS_2026_C9_S1">14</v></o>
<o k="Market volatility and herding behaviour"><v s="FSS_2026_C9_S1">12</v></o>
<o k="Macroeconomic and labour market effects"><v s="FSS_2026_C9_S1">8</v></o>
</observations>
</data>