Sheryl Kennedy: Real estate, mortgage markets, and monetary policy Remarks by Ms Sheryl Kennedy, Deputy Governor of the Bank of Canada, to the Investment Industry Association of Canada, Banff, Alberta, 23 June 2008. *  *  *  Good afternoon. It's great to be in Banff – today especially.
On this day in 1887, Parliament enacted the Rocky Mountains Park Act, which established Banff as Canada's first National Park. Happy birthday, Banff National Park! I am delighted to be at this IIAC conference. Just as parks and conservation are vital for our, and our children's environmental and spiritual well-being, sound investment is vital for our long-term economic and financial well-being.