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Financial System Review Summary—2022
A stable and efficient financial system is essential for sustaining economic growth and raising living standards. In the Financial System Review, the Bank of Canada identifies the main vulnerabilities for and risks in the financial system in Canada and explain how they have evolved over the past year. The Canadian financial system has proved resilient throughout the COVID‑19 pandemic, and the balance sheets of businesses and households are generally in good shape. However, in an environment of tightening financial conditions, high global inflation and increased geopolitical tensions, financial system ... (full story)
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BOC: GLOBAL MONETARY POLICY TIGHTENING WILL PUT THE FINANCIAL SYSTEM'S RESILIENCE TO THE TEST AND MAY EXACERBATE CURRENT FINANCIAL VULNERABILITIES.
— Breaking Market News (@financialjuice) June 9, 2022
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BOC: SOME CANADIANS WHO TOOK OUT MORTGAGES IN 2020 AND 2021 COULD SEE MONTHLY PAYMENTS JUMP BY 45% IN 2025-26 AS RATES RISE
— Breaking Market News (@financialjuice) June 9, 2022
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BOC: VULNERABILITY ASSOCIATED WITH ELEVATED HOUSE PRICES INCREASED FURTHER OVER IN THE PAST YEAR, EVIDENCE IMPLIES OVERALL PROPORTION OF HIGHLY INDEBTED HOUSEHOLDS WILL LIKELY SURPASSED ITS PRE-PANDEMIC PEAK IN 2021.
— Breaking Market News (@financialjuice) June 9, 2022
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BOC: WE ARE PAYING PARTICULAR ATTENTION TO THE FACT THAT A GREATER NUMBER OF CANADIAN HOUSEHOLDS ARE CARRYING HIGH LEVELS OF MORTGAGE DEBT.
— Breaking Market News (@financialjuice) June 9, 2022