Summary of Canada – Financial Sector Stability Assessment

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Canada – Financial Sector Stability Assessment summary
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Rating

7 Overall

7 Importance

8 Innovation

7 Style

Recommendation

While many of the world’s developed economies nearly melted down in 2008, Canada kept its cool, insulated by its sensible macroeconomic and banking oversight, and the high prices it collects for the resources extracted from beneath its chilly soil. Today, Canada remains a global economic and financial power; only the envious would call that dull. The IMF recognizes Canada’s stellar performance but marks its report card with an A-minus: It needs to watch out for property bubbles and rising household debt. getAbstract suggests this dry but informative report on a thriving economy to investors, financial professionals and regulators.

In this summary, you will learn

  • How Canada emerged from the 2008 global financial crisis in better shape than most nations,
  • How a robust regulatory system and a concentrated financial sector contribute to Canada’s economic stability, and
  • Why rising home prices and high household debt pose worrisome prospects.
 

About the Author

The International Monetary Fund provides advice and financing to member states during economic difficulties and works to reduce poverty in developing nations.

 

Summary

Canada’s financial system was one of the very few to emerge from the 2008 global crisis with its structure intact. Its banks remain profitable and have ample resources. The Canadian economy should grow by about 2.25% in 2014 compared to 1.7% in 2013; unemployment should average around 6.5% in the medium...

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