Canada: Selected Issues

International Monetary Fund

No 2009/163, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Canada examines economic development and policies. Capital ratios before the crisis have been a key determinant of bank performance during the turmoil; and Canadian banks had ample capital. Specifically, most banks with critically low capital at end-2006 later experienced dramatic equity value declines, and many had to be rescued. Regulatory and structural factors contributed to the resilience of Canadian banks by reducing their incentives to take risks.

Keywords: ISCR; CR; bank; price; Canada; commodity; rate; commodity price; commodity exporter; commodity-price cycle; capital injection; bank Fundamentals; lending standard; house price; Commodity prices; Mortgages; Housing prices; Global; Africa (search for similar items in EconPapers)
Pages: 19
Date: 2009-05-22
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Citations: View citations in EconPapers (2)

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