Stronger Bank–NBFI Links Show Why Data Matters Most

Bank of Canada Research | Nov 14, 2025 Deeper market linkages call for smarter transparency On November 13 2025, the Bank of Canada Staff published Analytical Note 2025-26 titled, "Perceived interconnections between Canadian banks and non-bank financial intermediaries under stress" (16 page PDF), that examines how stress spreads between banks and non-bank financial intermediaries (NBFIs)

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