Bank of Canada says financial system is stable, but risks remain ...Middle East

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Bank of Canada says financial system is stable, but risks remain
The Bank of Canada says the Canadian financial system is stable, but risks remain due to debt servicing costs among households and businesses and stretched valuations of financial assets. The central bank released its Financial Stability Report on Thursday, which evaluates the risks and stability within the Canadian financial system. “Over the past year, households, businesses, banks and other financial institutions have taken proactive steps to adjust to higher interest rates and to weather economic shocks,” said Bank of Canada Governor Tiff Macklem, during prepared remarks in Ottawa. “The second message is that this adjustment still has some way to go and continues to present ri

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