•  Recent developments are in line with the Bank’s expectation of a soft landing in the housing market and stabilizing debt-to-income ratios for households. Still, household imbalances remain elevated and would pose a significant risk should economic conditions deteriorate. •  In sum, the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation in Canada.
In 2017, we moved to ensure we were appropriately set up to meet the demands of our expanded regulatory mandate by establishing prudential regulation and financial conduct pillars. Across the four pillars (central banking, prudential regulation, financial conduct, operations), we work as an integrated organisation in fulfilling our mandate.