Risks to Canada’s financial system The process of financial sector repair is continuing and the economic recovery is proceeding at a steady pace in most advanced economies. As expected, however, it is taking considerable time and effort to resolve the underlying economic and financial imbalances.
The path to a more resilient global financial system is further complicated by the two-speed  1  J. Chapman, S. Lavoie and L. Schembri, “Emerging from the Shadows: Market-Based Financing in Canada,” Bank of Canada Financial System Review (June 2011):29–38.