4  “The Demographic Time Bomb: Mitigating the Effects of Demographic Change in Canada.” Report of the Standing Senate Committee on Banking, Trade and Commerce, June 2006. 5  Charles M. Beach, “Canada’s Aging Workforce: Participation, Productivity, and Living Standards,” in A Festschrift in Honour of David Dodge, Bank of Canada, November 2008.
In the financial area, the role of the euro in global markets and the growth in the use of the new currency outside the euro area have also been impressive. The euro has very quickly become an important part of the global financial system and the evidence of the past seven years is that its role can continue to grow.