Financial System On the Brink; Prepare For the Fallout Says Bank of Canada

The post Financial System On the Brink; Prepare For the Fallout Says Bank of Canada appeared first on Coinpedia Fintech News

Jane Adams, the 2024 US House candidate shared a video on X where The Bank of Canada has asked to brace for a financial crash as indicators of financial stress have risen and the valuations of some financial assets appear stretched. This could possibly increase the risk of a sharp correction that might generate system-wide stress. The recent rise in the use of leverage in non-bank financial institutions could escalate the effects of such correction.