Canada: Financial System Stability Assessment-Update

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2008 Issue 059

Publication date: February 2008

ISBN: 9781451956856

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Investments and Securities-General , Labor , ISCR , CR , bank merger , financial market , exchange rate , a number of bank , bank resolution , return on assets , share ownership , financial system , return on equity , U , S , dollar , bank subsidiary , bank share ownership , bank provisions , Securities , Stress testing , Liquidity , Pensions , Credit risk , Global

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Summary

The Canadian financial sector is among the world’s most highly developed. The five large banking groups that form the core of the system are conservatively managed and highly profitable. The stress tests suggest that the large Canadian banks can withstand a broad range of shocks. The current turbulence in global credit markets has affected Canada’s asset-backed commercial paper market. The Canadian Depository Securities Settlement System is sound, efficient and reliable, and it complies with almost all Recommendations for Securities Settlement Systems.