Top Risks for Canadian Financial Institutions

story_images_for_saleConsumer debt and geopolitics are the top risks facing Canada’s financial system in 2017 according to the Global Risk Institute’s survey of Canadian financial institutions, governments and regulators. The survey was done amidst growing concerns over the stability of Canada’s housing market and rising global political tensions.

The survey also found widespread optimism about the strength of Canada’s financial system – 92% are either confident or very confident that Canada can withstand these risks, at least in the near-term.