Apart from supporting state financing during times of crisis, two main functional roles have traditionally been at the heart of central banking: maintaining price stability (subject to the monetary regime) and maintaining financial stability. This includes crisis prevention and management and resolution as well as the promotion of financial development in the economy.
Let me highlight just one. As with previous technological transitions, education, skills training and continuous learning will be key. Universities across Canada are working with students and businesses to bring the best ideas in science, machine learning and AI to market.