Bank of Canada sees financial system resilience despite global turbulence - BNN Bloomberg

The Bank of Canada says the country’s financial system has proven itself resilient despite U.S. tariffs, increased geopolitical risks and uncertainty due to artificial intelligence. The central bank’s financially stability report says “the impacts have been less widespread than was initially feared.” The 42-page report detailed how Canadian households and businesses have remained stable and how banks have strengthened their capacity to absorb shocks. In spite of that, Senior Deputy Governor of the Bank of Canada Carolyn Rogers admits ordinary Canadians may not feel it. “It can be true that the…