This has proven invaluable given the pace of change in the financial system. In addition, Canada regularly subjects its system to rigorous external examination under the International Monetary Fund’s Financial Sector Assessment Program (FSAP), and Canadian authorities conduct regular system-wide stress tests. Many of these elements are now being adopted internationally. The G-20 has made FSAPs mandatory.
Sources: CEIC; United Nations. Chart 2  Global Purchasing Managers' Index (PMI) 60  s.a., DI  55 50 45 40 35 Manufacturing  30  Services  25 20 Jan. 2020  Apr. July  Oct.  Jan. 2021  Apr. Note: Figures for manufacturing are the "J.P. Morgan Global Manufacturing PMI."