As a reflection of the random path of technological developments, the world of apps on which we increasingly depend was not central to the original concept. Also, among today’s generation of "new ideas", it seems to be the potential impact of blockchain or Distributed Ledger Technology that is attracting most attention.
The main upside risk relates to the momentum in household spending and housing prices, while the main downside risk is that the U.S. economy could slow more sharply than expected, leading to lower Canadian exports. The Bank judges that the risks to its inflation projection are roughly balanced. On 17 October, we left our key policy rate unchanged at 4.25 per cent.