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.
Governor of the Bank of Canada
Former Canadian Superintendent of Financial Institutions
Canadian Ambassador to the United States
My biggest concern is that Washington is signaling to Russia that it’s OK to meddle in the politics of sovereign nations which are your neighbors. Meddling is going on from Paris to Ukraine, from east to west and north to south, within Europe and at its borders, and always with the intent of undermining the credibility and effectiveness of democratic institutions. And it is being either denied or downplayed.