Non-bank financial intermediation in Canada: a pulse check https://www.bankofcanada.ca/?p=219897 Retail dealers (left scale) Institutional dealers (left scale) Trading venues and platforms (left scale) Non-bank investment dealers' share of total investment dealer assets (right scale) Fixed-income mutual funds Money market funds Synthetic and physical fixed-income and mixed exchange-traded funds Deposit-taking institutions Non-bank financial intermediaries Investment funds Financial corporations engaged in lending Repo and securities lending Private-label securitization Non-bank investment dealers 2019 Fixed-income mutual funds Credit pooled funds Exchange-traded funds (fixed-income, mixed and synthetic) Money market funds Credit hedge funds Consumer credit Business loans Equity investments Other assets Leverage (left scale) Liquidity (right scale) 2019 Mortgages Other financial assets Leverage (left scale) Liquidity (right scale) Aggregate DSIB exposure 1st quartile Maximum Minimum 3rd quartile Median Non-bank credit intermediation (right scale) Securitization (right scale) % of total credit (left scale) Fixed income mutual funds and exchange-traded funds (right scale) Credit pooled funds (right scale) Credit hedge funds (right scale) % of market-based business credit (left scale) 33.712.12783151341406711.60.11.42.011.73.59.71.41.1735.5 31.410.310.40.11.32.48.25.39.32.01.1669.9 31.69.49.40.21.32.66.55.18.62.41.2159.1 34.810.08.90.31.63.24.64.510.71.71.1951.2 34.210.79.40.31.74.94.55.113.41.91.1952.6 32.79.911.60.41.84.84.05.615.71.81.2132.8 32.69.813.90.32.74.93.14.317.61.81.1930.5 32.810.214.20.43.05.13.04.819.02.01.1832.7 32.710.25794201729511412.90.32.85.32.94.921.62.01.2228.1 31.810.46314052229211714.40.32.65.63.44.323.92.41.2228.7 33.110.56604182209314715.90.32.96.53.74.626.63.01.2520.9 521041122 32.910.97744272499616716.30.32.47.14.05.127.24.81.2033.4 0.3560645650.1147492330.35 0.7999377300.0345986380.65 0.5840445410.0405548720.47 0.578506135-0.2791070450.45 0.412195815-0.2205273410.16 0.604408490-0.2831941600.39 0.811461178-0.5543059200.68 0.794458110-0.6527497340.87 0.951155824-0.3195328680.92 1.233571783-0.3129448301.24 1.218946141-0.0629104891.26 1.273731966-0.2107606121.07 1.374368170-0.3123069451.10 1.728173477-0.3825106701.25 2.077184628-0.2814807991.39 2.244582632-0.2046344241.79 2.6275195380.5016990312.37 3.2942118790.7208279332.59 3.1242245610.8971060432.33 3.6146712381.2588714892.24 3.5847242801.2443043382.36 3.9127579122.1599825102.69 4.1121556952.2904372073.11 3.8820654902.6495677152.79 3.7567713172.5419043742.78 3.9232996792.6272455293.12 4.1393427642.8431500453.57 4.3658226893.0379209693.67 4.2874582813.0551075643.52 4.1649885473.1411569583.50 4.2559263053.1111035373.63 4.4765778033.3116760233.62 4.7052942943.4617834133.90 4.8152464693.3382994204.07 5.1877951703.1178272814.74 5.4648183983.1283913945.25 5.8036279103.2175267705.66 5.7885213732.8134868935.47 5.4089214302.8760416595.91 5.5024694432.9089974366.90 4.9563591903.6133992347.78 651101420 4.9395176153.7083990537.97 5.4943722153.6773869498.19 5.5166902873.7493574159.48 5.9417104163.69896616710.46 6.5642110593.98038939311.30 6.0784397714.25472084412.16 4.8323138553.97024863911.23 3.3069453113.82823052710.83 1.3490856094.19368931710.89 0.2089997455.2598013148.83 -0.8529174535.6103139499.25 -2.4291912915.9761099808.90 -4.6069058666.3340284237.19 -5.4683923196.7945515477.47 -5.3296383207.4057970886.84 -5.8505479927.8547235777.47 -6.0809369087.7047397177.63 -6.1905843147.9805309276.48 -5.7023989368.3386629205.36 -5.0540689688.3020583475.85 -4.9752601758.2808241136.89 -4.8132116219.1486229404.88 -4.6645245499.5209205196.27 -4.7843355709.8804406046.23 -4.93696851210.4227026107.27 -5.00490465610.5202511107.80 -5.09894327710.9555801706.78 -4.98088815411.1950954107.06 -3.79440947111.2895068706.54 -3.28137506811.0940284707.35 -2.96079799410.8737757307.43 -1.80261083511.0843826308.42 -1.42597778611.5976272908.74 -1.53430988011.5043915608.85 -1.54657471112.0625327308.71 -1.63804071812.1869900508.93 -1.77506080912.5768360709.44 -1.62047280012.3700439409.87 -1.60245534512.47849400010.18 -1.70584039512.73819179010.20 -1.38689039712.6564087209.85 -1.12167115712.5197295309.36 -0.73088236412.4173209209.18 -0.51451769012.65713781010.42 -0.76979877312.8406275309.83 -0.59610952413.2709693208.92 -0.82956357113.4795620409.58 -0.53346739113.8158743409.83 -0.64028206314.1645899409.35 -0.68818076414.5849674809.36 -0.63391193314.8562402709.92 -0.75959845016.89172705010.26 -0.74766803117.06511609010.11 -0.74779006217.0532592709.89 -0.27439700017.1466184209.89 0.16835674516.9379042309.76 0.28930397517.1281325809.10 0.49193543017.0549304708.71 0.66366995117.2533051408.66 0.63562648317.3276763408.80 0.74152950617.7243478209.24 0.83085270917.4931184308.51 1.05889107117.3705107508.31 699415191.20312483917.4200870408.73 1.49169603817.6793597708.28 1.55572303118.0271630908.28 1.45865656718.1564025208.54 1.70269038218.0240136808.92 2.18888932017.8335271909.43 2.43309692817.5644578209.44 2.84443527917.59201166010.39 2.76613827817.90365810010.49 2.83598498117.92389981010.49 3.08935564318.13451934011.01 3.27346352317.93901391010.55 3.54778628318.31373762010.91 3.63030447518.56371597011.64 3.69692832418.51344147011.96 3.77760229118.56968040011.75 3.86669813318.20459524011.79 3.73717727518.23052781011.86 3.77045028917.64941152012.27 3.83432315217.42195325012.46 3.87982156317.40411875013.11 3.93025488117.41793506013.36 17.362.929.15.1 0.80.30.62.20.44.8 45 41.618.06.8 3.23.50.10.21.01.20.4 1231029 33.6124.317.367.6 0.71.00.11.13.80.2 100.513.06.9 25 1.40.00.20.10.00.0 52.721.035.9 15 69.0 6 16.0 14.859.442.9 0.5 32.029.397.5 10.0 10 15.122.3167.7