Canadian Securities Course (CSC) Level 1 Practice Exam

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What is the role of the Office of the Superintendent of Financial Institutions (OSFI) in Canada?

Setting interest rates
Regulating the housing market
Regulating the financial sector
Issuing government bonds

The correct answer is: Regulating the financial sector

The correct answer is C: Regulating the financial sector. The Office of the Superintendent of Financial Institutions (OSFI) in Canada is responsible for regulating and supervising federally regulated financial institutions to ensure their solvency, liquidity, and compliance with federal regulations. OSFI plays a crucial role in safeguarding the stability of the Canadian financial system and protecting the interests of depositors and policyholders. The other options, setting interest rates, regulating the housing market, and issuing government bonds, are responsibilities typically handled by other entities such as the Bank of Canada, government housing agencies, and government debt management offices, respectively.