加拿大中央银行：2026年金融稳定报告（英文版）

The war in the Middle East has led to periods of increased volatility and reduced liquidity in certain markets, particularly in energy. Nevertheless, markets have generally remained resilient. Equity valuations are still elevated, and credit spreads are compressed. Financial markets have been hit by a series of shocks over the past 12 months. While markets have generally continued to function well, some vulnerabilities have grown. Equity and corporate debt valuations appear increasingly stret