Senior Deputy Governor Carolyn A. Wilkins from Bank of Canada talks about the recent strengthening of Canada’s financial system. Because of this strength, we are in a good position to deal with whatever unfolds, despite concerns about global growth, househld debt and the housing market.
Watch Senior Deputy Governor Wilkins speak to The International Finance Club of Montreal , ” https://youtu.be/SPBPoceDdSQ” OR Read the full speech.
It is reassuring that should a storm arrive, the Canadian economy and financial system are in a good position to weather it.
This is not the time to let our guard down though. Robust defences are especially important when difficulties abroad could affect us at home.
The global context has worsened, increasing risks to the global expansion and chances of financial stress.
This is the start of a long journey, and we are partnering with others to make progress.