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Canada: Financial System Stability Assessment-Update
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 059
Language:
English
Publication Date:
13 Feb 2008
DOI:
https://doi.org/10.5089/9781451956856.002
ISBN:
9781451956856
ISSN:
1934-7685
Pages:
66
Keywords:
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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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund