Since I have recently had a chance to explain them, I will not repeat them here. I would just like to draw your attention to ongoing efforts, such as the launch of the Asian Bond Fund by EMEAP central banks and the Asian Bond Market Initiative by ASEAN+3 countries.
Despite tighter credit conditions, domestic demand in Canada is expected to remain strong, supported by continued income growth associated with the increase in commodity prices seen since October. Overall, the Bank now projects that the Canadian economy will expand by 1.8 per cent in 2008 and 2.8 per cent in 2009.