Highlights from the Bank of Canada financial system review

  • Sees signs of increasing risk in low-ratio mortgages
  • Quality of new insured mortgages in improving
  • Financial system remains resilient
  • Household debt and housing imbalances still key weak points
  • Recent data suggests Toronto housing market stabilizing
  • Global economic expansion has strengthened
  • Canadian economic expansion is supporting improving labor market
  • Full report

Poloz and Wilkins will host a press conference at 1630 GMT.