MIC leverage has increased while liquidity has steadily declined https://www.bankofcanada.ca/?p=219897 Leverage (left scale) Liquidity (right scale) 1.1735.5 1.1669.9 59.11.21 51.21.19 1.1952.6 1.2132.8 1.1930.5 1.1832.7 1.2228.1 1.2228.7 1.2520.9 1.2033.4