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Company: DBRS

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stock market down

Risks have risen, but recession isn't inevitable

The rating agency cited "persistently high debt levels"

Deals are likely to dry up as regulation tightens, a report says

Low angle view of Skyscrapers in downtown Toronto during the day

Rising rates, margins seen supporting profits as credit conditions normalize

Government finances seen recovering alongside GDP, policy tightening

Banks lag on pay equity and executive roles for women, DBRS reports

Sanctions pose little direct impact, but harm could be felt at the macro level

Inflation written newspaper

Growing headwinds include inflation, declining stimulus

Interest income could drive profits as capital markets and credit-loss provisions sag

Close up of businesswoman using calculator while going through financial bills.

Canadian insurers well positioned to deal with elevated risks from IFRS 17