Technology is affecting how Canadians make payments, so it will affect money too. To start with, Payments Canada is working with the Bank and with the major financial institutions to modernize our core payments systems. This will allow for wider access and more innovation.
When we can be pre-emptive we should be, because modest pre-emptive actions can obviate the need of more drastic actions at a later date that could destabilize the economy. The economic expansion has generated many benefits. It has been a major factor in rebalancing our federal budget.