In addressing the vulnerability of the existing capital adequacy ratio framework, particularly the pro-cyclicality of capital buffer, national authorities responsible for overall financial stability can actively play their professional role.
Diversifying our export markets is important to future growth and resilience. Just as when you travel from one part of Canada to another, the weather can be dramatically different – hot in the Okanagan, bone-chilling cold in the Prairies and moderate in the Maritimes – local economies can cover the gamut from hot to not.