Department of Finance Canada
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, issued the following statement:
"The Canadian government has been closely monitoring the situation with Silicon Valley Bank and I have been receiving regular updates.
"This evening I spoke with financial sector leaders and the Bank of Canada.
"We are in close contact with OSFI, which took action earlier this evening. Canada's well-regulated banking system is sound and resilient."
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