Good morning, and thank you for being here today. Senior Deputy Governor Wilkins and I are pleased to be with you to talk about the latest issue of the Bank of Canada’s Financial System Review (FSR), which we published today. Let me quickly remind everyone about the purpose of the FSR—to identify key vulnerabilities in the financial system that can interact with and magnify economic shocks. We monitor the evolution of these vulnerabilities and apply extreme risk scenarios to look at the potential implications for the financial system and the economy should such a shock occur. The main vulnerabilities that we see ... (full story)