Ocean Risk in Canadian Banking

Fishing and trapping accounted for CAD 1.414 billion of Canadian bank lending in the first quarter of 2026, against CAD 58.983 billion for agriculture. The rest of a bank's ocean exposure is booked under whatever the borrower happens to be, and no supervisory return asks anyone to add it up.

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Rugged coastal cliffs surrounding a sheltered bay, with a small red house near the shoreline and mountains in the distance.
Photo by Erik Mclean / Unsplash