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Canada: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis
Author: International Monetary Fund. Monetary and Capital Markets Department
Canada: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis
The Canadian economy has navigated the pandemic well and achieved a soft landing but rising trade tensions pose significant challenges. Amid sharp monetary tightening to control high levels of inflation, the economy slowed in 2023–24 but avoided a recession. The Bank of Canada (BOC) began easing monetary policy in June 2024, but challenges persist, including rising trade tensions and policy uncertainties, among other factors.