Boc: Other System Risks are Sharp Increase in Long-Term Rates, Stress from China, prolonged Commodity Price Weakness

Boc: Most Important Financial System Risk Is Possibility of Severe Canadian Recession Leading to Broad Home Price Correction; Probability of This Remains Low

Boc sees Vulnerabilities related to elevated Household Indebtedness, Imbalances in Housing Market, Fragile fixed-Income Market Liquidity

Boc: Overall Level of Risk to Financial System Largely unchanged from Last Assessment Six Months Ago

Bank of Canada Financial System Review: Household Vulnerabilities have moved Higher As Housing Market Continues to Show Strong Regional Divergences