IMF Staff Country Reports

Canada: Financial System Stability Assessment-Press Release and Staff Report

August 1, 2025

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Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Canada: Financial System Stability Assessment-Press Release and Staff Report", IMF Staff Country Reports 2025, 220 (2025), accessed August 2, 2025, https://doi.org/10.5089/9798229019439.002

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Summary

Canada has a large and highly developed financial system. The banking sector is very concentrated, with six Domestic Systemically Important Banks (D-SIBs) accounting for 94 percent of banks’ assets. The nonbank financial institution (NBFI) sector is large and mainly composed of mutual and pension funds, and insurance firms. The financial sector oversight structure is complex, involving both federal and provincial agencies. The Financial Sector Assessment Program (FSAP) takes place against the backdrop of weak economic growth, increasing trade tariffs, and heightened geoeconomic risks.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime, Financial institutions, Financial regulation and supervision, Financial Sector Assessment Program, Financial sector policy and analysis, Financial sector stability, Insurance, Insurance companies, Labor, Loans, Mortgages, Pensions, Stress testing

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Financial Sector Assessment Program, Financial sector stability, Insurance, Insurance companies, Loans, Mortgages, Pensions, Stress testing

Publication Details

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