The export-oriented sectors (including resources) were hardest hit, with GDP dropping by 15 per cent (Chart 1). Across Canada, almost 400,000 jobs were lost. 2  See S. Poloz, “Returning to Natural Economic Growth” (speech to the Vancouver Board of Trade, 18 September 2013).
In view of the growing significance of FinTech innovations and their interface with the financial sector as well as financial sector entities, the Reseve Bank is strengthening its surveillance framework and has also issued draft guidelines on “Enabling Framework for Regulatory Sandbox” for obtaining the comments of stakeholders. Mr. Carstens’s talk today will surely give us relevant insights in this direction.