Some have managed to thread that needle successfully by remaining firmly rooted and accessible in the communities they serve as well as maintaining their focus on trust, loyalty, and personalized relationship banking, which is a particular strength and competitive advantage for MDIs.
Core inflation is expected to remain below target due to the effects of economic slack and heightened retail competition. We expect these effects to persist until early 2016. •  However, total CPI inflation will move up this year, before core, in response to higher consumer energy prices, as well as the lower Canadian dollar.