The Bank of Canada (BoC) released its Financial System Review (FSR) on Wednesday. The BoC Governor Stephen Poloz said that the economic recovery has been "frustratingly slow", but the nation's economy "is showing the first signs of a broadening recovery".

Poloz pointed out that the recent decline in oil and other commodity prices "raises important risks to this economic outlook".

The BoC governor noted that the current monetary policy is appropriate.

"The overall risk to financial stability in Canada is roughly the same as it was at the time of our June FSR", Poloz underlined.