The autumn 2020 survey, completed by 47 respondents, was conducted between Sept. 8 and 25. Alongside recurring questions, it introduced questions about the impact of and the responses to Covid‑19.
The BoC noted in a release that it had cancelled the spring 2020 survey due to the pandemic.
Among surveyed experts for the most recent edition, 98% indicated they were confident that the Canadian financial system will remain resilient, citing public sector support in response to Covid-19 as the reason.
However, the percentage of respondents who believed that risks have increased materially in the short term (less than one year) rose by 40 percentage points, while the percentage who believed that risks have remained unchanged fell by 36 percentage points, relative to the autumn 2019 survey.
Further, the percentage of respondents who believed that risks have increased materially in the medium term (one to three years) rose by 20 percentage points, while the percentage who believed that risks have remained unchanged fell by 17 percentage points.
These respondents said the economy and financial system are in a more precarious position as a result of the pandemic, and…
