2  BIS Review 63/2010  Special challenges of a commodity-based economy Canada’s natural resources are a tremendous gift. They have brought us enormous material benefits – higher incomes and greater economic security than in many other countries. Most other countries would gladly trade places with us, should we ever grow tired of our rich resource endowment.
In April this year, as you should know, Central Bank introduced a new policy to provide guidance to financial markets on interest rates. That policy was informed by research published under the title “A framework for interest rate policy in Barbados”, which you may consult on the website.