Today, I would like to talk about the Bank's contribution to financial stability at home and abroad. I will also comment briefly on the current economic situation. Canada as an international player As an open economy, Canada is very much affected by what goes on in the rest of the world.
So we have more than a passing interest in promoting a sound and robust international environment. Since more than 80 per cent of our foreign trade is with the United States, it is developments in that country that have the most profound impact on our economy. Recent experience, however, has shown that even events in faraway places can reverberate back home.