Also due to reforms implemented in earlier years to clean up bank balance sheets, strengthen bank capitalization through Basel II, improve governance structures, enhance risk management systems, and adhere to international accounting standards, the banking system remains sound and stable.
BIS central bankers’ speeches  1  An integrated economy While the composition of provincial output varies, the Canadian economy is highly integrated. Consider the case of commodities. When commodity prices increase, all provinces benefit. All else equal, the Canadian dollar appreciates.