A combination of economic and geopolitical upheaval is raising risks in the financial system and will likely claim some victims around the world, Canada’s top banking regulator told a conference in Montreal on Tuesday. Our geopolitical environment (has) changed on us pretty dramatically, and I don’t think we’re done with that,” said Peter Routledge, head of the Office of the Superintendent of Financial Institutions. “There will be costs associated with that and I don’t know how the costs are going to fall. Many households will see monthly payments rise and there will be pain for some, Routledge said, but he does not expect the financial system here to be shaken. “I think the financial system is going to absorb that toughness, not without pain, but without real threat to financial sector resilience,” he said.

Source: National Post March 25, 2026 09:07 UTC