By Daniel Seleanu, Compliance Complete

TORONTO, July 1, 2014 (Thomson Reuters Accelus) -¬†Canada’s overheated housing market represents a significant risk to the stability of its financial system, the country’s central bank has warned.

In its recently released¬†Financial System Review (FSR) (PDF), the Bank of Canada (BOC) warned that while the system was stable overall, it remained vulnerable to several risks that could trigger a disorderly market correction. The economic and financial consequences of such a correction would be severe, the BOC predicted.¬† (more…)