When the technological and human factors and the market conditions are right, the careful and rigorous assessment of creditworthiness does not conflict with a lending policy designed to accompany firms’ growth in size. In the 1990s technological progress, privatization and deregulation triggered a wave of consolidation within the banking industry.
In particular, domestic demand held up much better in Canada than elsewhere, reflecting the soundness of Canada’s banking system, relatively healthy household and corporate balance sheets, and the speed and scale of monetary policy actions. •  Economic growth in Canada resumed in the third quarter of 2009 and is expected to have picked up further in the fourth quarter.