The financial sector and the payment and settlement system infrastructure have to be subservient to the real sector and no country can attempt to reverse it as it would be akin to the classical case of putting the cart before the horse or the tail wagging the dog.
Now let me turn briefly to the current state of Canada's economy and the outlook for the future. Recent economic developments and prospects in Canada The immediate impact and the fallout from last September's tragic events in the United States led to a sharp increase in economic uncertainty around the world.