But it also means new, fast-growing sources of demand, and new opportunities. Adjustments in the future In the face of all of these forces, what kinds of economic adjustments will be needed in the future? Let me speak about the adjustments that we in Canada will have to make. First, our economy will need more high-productivity activities.
The Term Asset-Backed Securities Loan Facility The Term Asset-Backed Securities Loan Facility (TALF) supports the flow of credit to consumers and businesses by enabling the issuance of asset-backed securities (ABS) guaranteed by newly and recently originated consumer and business loans. 4/5  BIS central bankers' speeches  Under the TALF, the Federal Reserve Bank of New York lends to an SPV.