Canadian banks could withstand shock from China, deputy governor suggests

carolyn-wilkins
Deputy Carolyn Wilkins confident Canadian banks would be able to withstand China shock

Canadian GDP growth would drop by 0.1% if Chinese growth were to drop 1%, according to staff at the Bank of Canada. Carolyn Wilkins, senior deputy governor, highlighted their work in a speech on April 5.

Speaking to the Greater Vancouver Board of Trade, Wilkins stressed that despite China accounting for 17% of Canada's trade, the financial sector could weather a range of shocks from the country.

The effects of a shock from China would depend on which sectors of the Chinese economy were growing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.