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Poloz: Release of the Financial System Review
Good morning. Senior Deputy Governor Wilkins and I are glad to be with you today to talk about the June issue of the Bank’s Financial System Review (FSR), which we published this morning. Let me start with a quick reminder about the purpose of the FSR. It identifies vulnerabilities in the financial system—pre-existing conditions that can interact with economic shocks—and monitors how they are evolving. It also looks at the potential impact on the financial system and economy if a shock were to interact with, and be magnified by, these vulnerabilities. Canada’s financial system remains resilient, and this ... (full story)