We have increased our participation in Government of Canada and provincial money market auctions. We have started large-scale asset purchases of Canadian Government bonds. We have launched programs for purchasing bankers’ acceptances, commercial paper, provincial bonds and corporate bonds. It is useful to think of these actions along two dimensions. The first dimension is to ensure wellfunctioning financial markets.
It would enable us to be “in the know” at a relatively early stage of the formulation of standards in the sphere of economic policy, to adapt policy to those standards, and even to contribute from our own experience. 3. It would help us to promote economic reforms. 4. It would also help improve Israel’s rating in the international financial markets.