Economy

Bank of Canada: Housing Market Risk Reducing, Still Biggest Threat to Financial System

Bank of Canada: Housing Market Risk Reducing, Still Biggest Threat to Financial System
Bank of Canada Governor Stephen Poloz speaks to reporters during a press conference following the release of the Financial System Review in Ottawa on Nov. 28, 2017. The bank says policy measures are doing the job of reducing housing market vulnerabilities. The Canadian Press/Justin Tang
Rahul Vaidyanath
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OTTAWA—Housing-related concerns remain the biggest threat to the financial system in Canada, but an improving economy, tighter lending standards, and higher interest rates are brightening the outlook, according to the Bank of Canada’s semiannual Financial System Review (FSR) published on Nov. 28.

The FSR summarizes the bank’s judgment on the main vulnerabilities and risks to financial stability.

Rahul Vaidyanath
Rahul Vaidyanath
Journalist
Rahul Vaidyanath is a journalist with The Epoch Times in Ottawa. His areas of expertise include the economy, financial markets, China, and national defence and security. He has worked for the Bank of Canada, Canada Mortgage and Housing Corp., and investment banks in Toronto, New York, and Los Angeles.
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