Sectoral balance sheet

• May 16, 2019

  Release of the Financial System Review

  Opening Statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches Topic(s): Climate change, Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet

• Measuring Non-Financial Corporate Sector Vulnerabilities in Canada

  Staff Analytical Note 2019-15 Timothy Grieder, Claire Schaffter

  The ratio of non-financial corporate debt to gross domestic product in Canada has increased noticeably in recent years and is currently at an all-time high. In light of this development, we use a unique firm-level dataset to construct vulnerability indicators for the non-financial corporate sector in Canada.

  Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Financial stability, Monetary and financial indicators, Recent economic and financial developments, Sectoral balance sheet JEL Code(s): G, G0, G01, G3, G32
• June 7, 2018

  Release of the Financial System Review

  Opening Statement Stephen S. Poloz, Carolyn A. Wilkins Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet

• Measuring Vulnerabilities in the Non-Financial Corporate Sector Using Industry- and Firm-Level Data

  Staff Analytical Note 2018-17 Timothy Grieder, Michal Lipsitz

  Aggregate non-financial corporate debt-to-GDP has been growing rapidly in recent years and is at an all-time high. This growth began in 2011 and accelerated as the oil price shock affected the Canadian economy.

  Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Financial stability, Monetary and financial indicators, Recent economic and financial developments, Sectoral balance sheet JEL Code(s): G, G0, G01, G3, G32

• Recent Evolution of Canada’s Credit-to-GDP Gap: Measurement and Interpretation

  Staff Analytical Note 2017-25 Timothy Grieder, Dylan Hogg, Thibaut Duprey

  Over the past several years, the Bank for International Settlements has noted that Canada’s credit-to-GDP gap has widened and is above thresholds indicating future banking stress.

  Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Financial stability, Monetary and financial indicators, Recent economic and financial developments, Sectoral balance sheet JEL Code(s): D, D1, E, E3, E32, G, G0, G01, G1, G2, G21, G3, G30
• November 28, 2017

  Release of the Financial System Review

  Opening Statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet
• November 28, 2017

  Analysis of Household Vulnerabilities Using Loan-Level Mortgage Data

  Financial System Review - November 2017 Olga Bilyk, Alexander Ueberfeldt, Yang Xu

  This report examines detailed data on home mortgages to provide a better understanding of the vulnerabilities associated with the mortgage market. The proportion of low-ratio mortgages is growing, particularly in regions with strong house price growth. Moreover, these borrowers exhibit less flexibility to adverse shocks, since they have high debt levels relative to income and have taken mortgages with long amortization periods.

  Content Type(s): Publications, Financial System Review Article Topic(s): Credit and credit aggregates, Recent economic and financial developments, Sectoral balance sheet JEL Code(s): D, D1, D12, D14, G, G2, G21, G28
• November 1, 2017

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening Statement Stephen S. Poloz Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario

  Content Type(s): Press, Speeches Topic(s): Inflation and prices, Monetary Policy, Potential output, Recent economic and financial developments, Sectoral balance sheet, Transmission of monetary policy
• June 12, 2017

  Canadian Economic Update: Strength in Diversity

  Remarks Carolyn A. Wilkins The Associates of the Asper School of Business Winnipeg, Manitoba

  Senior Deputy Governor Carolyn A. Wilkins talks about encouraging signs that growth is broadening across Canada’s regions and sectors.

  Content Type(s): Press, Speeches Topic(s): Inflation and prices, Labour markets, Monetary Policy, Recent economic and financial developments, Regional economic developments, Sectoral balance sheet
• June 8, 2017

  Release of the Financial System Review

  Opening Statement Stephen S. Poloz Ottawa, Ontario

  Press conference following the release of the Financial System Review.

  Content Type(s): Press, Speeches Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies, Housing, Regional economic developments, Sectoral balance sheet