The stress test is a prudential tool, so it's not my area of expertise. It is a macroprudential tool principally, but of course it does have a microprudential impact, which is that there are likely some borrowers who were saved from overextending.
February 13th, 2024 / 11:50 a.m.
Commissioner, Financial Consumer Agency of Canada
The stress test is a prudential tool, so it's not my area of expertise. It is a macroprudential tool principally, but of course it does have a microprudential impact, which is that there are likely some borrowers who were saved from overextending.
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