Bank buildings are photographed in Toronto’s financial district on June 27, 2018. The Canadian Press/Tijana Martin
Canada’s financial system remains resilient but faces growing risks, particularly tied to household debt and global uncertainty, the country’s top financial regulator warns.
The April 14 Annual Risk Outlook of the Office of the Superintendent of Financial Institutions (OSFI) warns of mounting risks in housing, increasing reliance on non-bank financial firms, and potential liquidity strains, as economic uncertainty and global tensions continue to pressure the financial system.
