The Reserve Bank provided this  1  See APRA (2014), ‘Implementation of the Basel III Liquidity Framework in Australia’, Media Release No 14.03, 30 January, available at <http://www.apra.gov.au/MediaReleases/Pages/14_03.aspx>; and Debelle G (2012), “Regulatory Reforms and their Implications for Financial Markets, Funding Costs and Monetary Policy”, Address to the Financial Services Institute of Australia, 18 September.
Because financial stability is so important for household and business confidence, the expansion of our economy will be influenced by how quickly global financial markets stabilize. Still, with accommodative monetary conditions and recent solid employment gains, spending by Canadian households and businesses, while slowing, should continue to contribute to an expanding economy.