Even so, retesting of systems and contingency planning will continue right up to, and including, the New Year’s weekend. Right now, the Canadian financial sector is so well prepared that the major issue is no longer one of potential technical problems.
And third, uncertainty regarding the future course of the world economy has increased due to subprime mortgage problems. However, overall, firms are maintaining their growth forecasts for income and profits for fiscal 2007 and their capital investment plans remain solid. Production has started increasing again after staying flat during the first half of 2007.