I’m Sleeping Like a Baby

The Week Ahead

December 18, 2017

Bank of Canada Governor Stephen Poloz says that there are three things keeping him up at night. But while I have other concerns about the Canadian economy, mostly on the trade side, none of the Governor’s top worries have me losing any sleep.

Cyber security and its risk to the banking system is of course a major concern. CIBC has repeatedly listed “technology, information and cyber security” at the head of its annual list of “top and emerging risks.” But the fact that it remains on that list year after year means that there’s nothing specific about 2018 in terms of expecting the financial system to be particularly vulnerable in the year ahead.

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