The Bay Street financial district is shown in Toronto on Aug. 5, 2022. The Canadian Press/Nathan Denette
Canada’s federal banking regulator says it’s lowering its domestic stability buffer to three percent from 3.5 percent, a move it says will give the country’s six largest banks greater flexibility to deploy capital.
The Office of the Superintendent of Financial Institutions said it’s the first change to the domestic stability buffer since June 2023 and takes effect Friday.
