I want to discuss the impact of the crisis on Canadian business and how the firms that have survived have changed and are responding. We need business confidence to continue to heal. This matters very much to the Bank of Canada. Our understanding of these issues will be part of the rigorous distillation of information that drives our policy decisions.
Nevertheless, we have a resilient external payments position as cushion against global headwinds. The BSP will remain watchful and vigilant, ready and willing to utilize any and all its analytical and surveillance tools at its discretion for any potential risks to its monetary and financial stability objectives.