Are we going into a recession, and does that mean a big rise in the unemployment rate? And what is the Bank of Canada’s role in supporting maximum sustainable employment? So today I want to address these questions. I will tackle them in three parts. First, I want to outline how inflation and the labour market are linked.
It is now the owners and creditors who must bear the losses of a distressed institution. And it is at least as important to be wellcapitalised in the eyes of the market as in the eyes of the supervisory authorities. Important work is underway in relation to resolution planning for credit institutions.