{
  "title": "Canada: Financial Sector Stability Assessment",
  "publication": "IMF Staff Country Reports, February 3, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/canada-financial-sector-stability-assessment-41299",
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  "summary": "This report discusses key findings of the Financial Sector Stability Assessment on Canada. Canada’s financial system successfully navigated the global financial crisis, and stress tests suggest that major financial institutions would continue to be resilient to credit, liquidity, and contagion risks",
  "sections": [
    {
      "heading": "Key findings on financial stability",
      "content": "- Canada’s financial system successfully navigated the global financial crisis.\n- Stress tests suggest that major financial institutions would continue to be resilient to credit, liquidity, and contagion risks arising from a severe stress scenario.\n- Elevated housing prices and high household debt remain an area of concern.\n- Targeted prudential and macroprudential measures are proving to be effective.\n- The regulatory and supervisory framework is strong and is complemented by a credible federal system of safety nets."
    },
    {
      "heading": "Areas of concern and vulnerabilities",
      "content": "- Housing market: elevated housing prices.\n- Household balance sheets: high household debt.\n- Systemic risk channels tested: credit risk, liquidity risk, contagion."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Continue targeted prudential measures to address household and housing vulnerabilities.\n- Maintain macroprudential policy tools that have shown effectiveness.\n- Preserve and reinforce a strong regulatory and supervisory framework.\n- Maintain credible federal safety nets to support financial stability during severe stress.\n\nSource: Canada: Financial Sector Stability Assessment (IMF Staff Country Report)\n\n---\n\n Content in this bundle\n\n- Canada: Financial Sector Stability Assessment; IMF Country Report 14/29; January 10, 2014\n  - Canada: Financial Sector Stability Assessment; IMF Country Report 14/29; January 10, 2014 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Canada: Financial Sector Stability Assessment; IMF Country Report 14/29; January 10, 2014 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: February 3, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616358006.002",
    "Canada’s financial system successfully navigated the global financial crisis.",
    "Stress tests suggest that major financial institutions would continue to be resilient to credit, liquidity, and contagion risks arising from a severe stress scenario.",
    "Elevated housing prices and high household debt remain an area of concern.",
    "Targeted prudential and macroprudential measures are proving to be effective.",
    "The regulatory and supervisory framework is strong and is complemented by a credible federal system of safety nets.",
    "Housing market: elevated housing prices.",
    "Household balance sheets: high household debt.",
    "Systemic risk channels tested: credit risk, liquidity risk, contagion.",
    "Continue targeted prudential measures to address household and housing vulnerabilities.",
    "Maintain macroprudential policy tools that have shown effectiveness.",
    "Preserve and reinforce a strong regulatory and supervisory framework.",
    "Maintain credible federal safety nets to support financial stability during severe stress.",
    "**Canada: Financial Sector Stability Assessment; IMF Country Report 14/29; January 10, 2014**"
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