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

Volume/Issue: Volume 2025 Issue 220

Publication date: August 2025

ISBN: 9798229019439

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

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

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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.