  In Canada, the economic expansion is proceeding largely as projected, although the expected rotation of demand is somewhat slower than had been anticipated. Household spending remains solid and business investment robust. Net exports remain weak, reflecting modest U.S. demand and ongoing competitiveness challenges, particularly the persistent strength of the Canadian dollar.
*  *  *  I did not have the privilege of meeting Nani Palkhivala, but every citizen of India has been affected in some way by his life’s work, and owes him a debt of gratitude.