Top Risks for Canadian Financial Institutions
Global Risk Institute looks at what's in store for 2017.
January 4, 2017
Consumer debt and geopolitics are the top risks facing Canada’s financial system in 2017 according to the Global Risk Institute’s survey of Canadian financial institutions, governments and regulators. The survey was done amidst growing concerns over the stability of Canada’s housing market and rising global political tensions.
The survey also found widespread optimism about the strength of Canada’s financial system – 92% are either confident or very confident that Canada can withstand these risks, at least in the near-term.
The risks are listed below by prevalence, impact, and imminence. Download the the full report.