
BoC scenarios show financial sector exposed to potential climate transition shocks
- Details
- Category: Economic
- Published Friday, January 14, 2022
- CTV News

OTTAWA -- Canada's financial sector could be exposed to significant economic shocks from the transition to lower emissions according to early scenario modelling from the Bank of Canada and the banking regulator.
The pilot study isn't meant as a forecast but considers several climate policy scenarios and how they could play out across the Canadian economy.