The Bank of Canada says the financial system has proven resilient after a turbulent year but officials at the central bank warn risks are mounting on the world stage.
The bank released its annual financial stability report today that outlines where it sees the biggest risks to markets, households and the broader financial system.
While the consequences of U.S. tariffs have not been as bad as central bankers first feared a year ago, officials warn that trade uncertainty persists.
More recently, the Bank of Canada has been preoccupied with the war in Iran and the impact on global markets – but officials say the financial system is so far proving stable through that uncertainty, too….