But these days, there is really very little difference in the low-inflation objectives of industrial countries. The real value of a floating exchange rate for Canada is that it allows us to have different monetary conditions than the United States - monetary conditions appropriate to our own economic circumstances, even as we pursue the same general objective of low and stable inflation.
Casual observation suggests that this change of trend in the growth of assets, or “wealth”, roughly coincided with the slowing in consumption spending relative to its earlier very strong  4  BIS central bankers’ speeches  trend. It seems fairly clear that these financial trends and the real consumption and saving behaviour of households were closely connected.