As banking and financial systems in the United States, Europe, and around the world have been shaken to their foundations over the past two years, Canada’s banking and overall financial system has proven sound and stable. Although the Canadian economy has not escaped the global economic downturn, its strong financial system—recently ranked as the most sound by the World Economic Forum—has helped the economy avoid a potentially sharper contraction.
On June 23, the Brookings Institution and The Canada Institute of the Woodrow Wilson International Center for Scholars will host a public event to examine Canada’s overall financial system, particularly its approach to financial market regulation, and explore potential lessons for other countries.
View Ambassador Wilson's remarks »
Nick Le Pan's presentation slides »