Is Canada at risk of a banking crisis?

Yes, says the Bank for International Settlements (BIS). The Swiss-based BIS, effectively the bank for central banks, singles out Canada in a new study of early-warning indicators. We earn a spot in the red zone for our large credit-to-GDP gap and high debt service ratio (DSR), plus an amber alert for household DSR and cross-border claims to GDP. Time to pay off those credit cards.