Canadian Banking Regulatory Authority issues Annual risk Outlook report

[Canadian Banking Regulatory Authority issues Annual risk Outlook report] Canadian Banking Regulatory Authority (OSFI) released an annual risk outlook report, which shows that the biggest risk facing the Canadian financial system in 2023-2024 is the impact of the downturn in the real estate market and interest rate pressure on liquidity and capital; the adjustment of the Canadian financial system to the high interest rate environment may not be "completely smooth", and the risk has increased. High inflation and the potential risk of default by borrowers is one of the pressure problems facing construction and development in Canada; preparations are under way for the property market to remain weak in 2023.