This article presents the key results from the 2024 Bank of Canada Financial System Survey, conducted between February 20 and March 8. The survey included a special section on potential risks arising from different hypothetical interest-rate paths.
Canada’s financial system remains resilient. Over the past year, households, businesses, banks and non-bank financial institutions have continued to proactively adjust to higher interest rates. But this adjustment is not yet over and continues to present risks to financial stability. Key risks include those related to debt serviceability and asset valuations.
On Tuesday, May 7, 2024, the Senior Deputy Governor of the Bank of Canada, Carolyn Rogers, will appear before the House of Commons Standing Committee on Public Accounts. The Senior Deputy Governor will be accompanied by Coralia Bulhoes, Chief Financial Officer and Managing Director of Financial Services.
On the first anniversary of the coronation of His Majesty King Charles III, the Bank of Canada issued a progress update on designing a new $20 bank note.