The launch of EAPS marks a key milestone in the EAC integration process and will improve the efficiency of the payments system in the region. This is one of the targeted quick wins by the EAC central banks.
Others are exploring whether to invest across the border instead of in Canada. These kinds of responses to uncertainty are not adequately captured by our economic models, so we need to apply judgment. This judgment is informed by our quarterly BOS, as well as by other discussions we have with business people across Canada.