IMF Staff Country Reports

Canada: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis

August 15, 2025

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International Monetary Fund. Monetary and Capital Markets Department "Canada: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis", IMF Staff Country Reports 2025, 244 (2025), accessed August 21, 2025, https://doi.org/10.5089/9798229020732.002

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Summary

The Canadian economy has navigated the pandemic well and achieved a soft landing but rising trade tensions pose significant challenges. Amid sharp monetary tightening to control high levels of inflation, the economy slowed in 2023–24 but avoided a recession. The Bank of Canada (BOC) began easing monetary policy in June 2024, but challenges persist, including rising trade tensions and policy uncertainties, among other factors.

Subject: Credit, Financial institutions, Financial sector policy and analysis, Income, Insurance, Insurance companies, Labor, Loans, Money, Mortgages, National accounts, Pensions, Solvency stress testing, Stress testing

Keywords: Credit, Income, Insurance, Insurance companies, Liquidity, Loans, Mortgages, Pensions, Solvency stress testing, Stress testing

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