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Financial System Review Summary - 2019
A stable and efficient financial system is essential for sustaining economic growth and raising living standards. In our Financial System Review, we identify the main vulnerabilities and risks to financial stability in Canada and explain how they have evolved over the past year. video The vulnerabilities associated with high household debt and imbalances in the housing market have declined modestly but remain significant. 1. The combined effect of mortgage stress tests and past increases in interest rates has slowed household borrowing and improved the quality of new mortgage lending. The share of Canadians falling ... (full story)