Our challenge is to distinguish the trend from the temporary to avoid  3  4  For a more detailed discussion of the use of monetary policy to counteract headwinds or tailwinds, see Technical Box 2, Bank of Canada Monetary Policy Report (July 2011): 28.
Work to upgrade financial legislation has picked up pace in recent months and it is now expected that the Insurance Bill would be presented to Parliament before the end of this year; and new credit union legislation by early next year; and a separate law for contributory pension schemes, later in the year.