21 March 2018

In addition to it, last month, IMF pointed to Canada’s credit-to-GDP and debt-service ratios showing certain signs of a possible threat to the national banking system in the nearest future.

However, in Porter’s opinion, thorough analysis should review all the details and sides of the issue instead of relying only on one metric.

According to him, Canadian banks today have larger capital as a safety buffer than 10 years ago, and they are in a stronger position to withstand any possible crises coming.