In the last few years we have issued radically new rules in this field, laid the foundations for banks to supply simpler and cheaper products that make it easier for weaker consumer to access financial services, and prepared guidance that helps even the least expert customers to make choices consistent with their needs.
Foreign exchange reserves rose by 40 per cent in less than three months, and the money supply grew rapidly at a time when the domestic economy was already operating at capacity. Given the desire to both maintain stable domestic prices and to avoid an economic boom that could lead to a bust later on, Canadian authorities felt that they had two options.